The firm acts to maximize its total profits

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A firm has demand equation Q = 10 – 2P. The firm must sell an integer quantity of product and charge the same price per unit of product for all units sold. It costs the firm $2 to produce and sell each unit of product that it sells. The firm acts to maximize its total profits. Calculate these: (You MUST show your calculations to receive any credit for your answers: Price per unit__________ quantity of units___________ total profits___________

Reference no: EM131169330

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