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Calculate the total revenue at the profit maximizing level

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Reference no: EM13327437

The total costs of a firm under perfect competition is given by the equation TC = 5,000 + 4Q + 2Q^2 and the market price is $100 per unit.

1. What is the profit maximizing level of output?

2. Calculate the total revenue at the profit maximizing level?

Reference no: EM13327437

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