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The revenue-maximizing level of output

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Reference no: EM131185865

With the following demand curve, P = 63 - 5Q and a cost structure given by the following cost function, C = 10 + 3Q, determine:

  • The revenue-maximizing level of output.
  • The profit-maximizing level of output.
  • Are these levels different? If so, why? Explain

Reference no: EM131185865

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