Finding optimal weekly output and price of firm

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Reference no: EM1311078

The following information is available for a firm's product with some monopoly power.

TC = 150 + 0.25Q

P = 2 - 0.001Q

TR = 2Q - 0.001Q2

  1. Determine the optimal weekly output and price of this firm.
  2. Determine the weekly profit from the production and sale of this product.

Reference no: EM1311078

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