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What is the firm''s total profit

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Reference no: EM13877402

A noncompetitive firm with the total cost function TC = 0.4Q3- 7.5Q2+ 85Q + 300 has the following demand function for its product
P = 350 - 5Q

(a) What is the firm's profit maximizing price and output combination?

(b) What is the firm's total profit?

Reference no: EM13877402

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