What is the level of production and price

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Reference no: EM13199572

A firm faces the following average revenue (demand) curve:
P = 120 - 0.02Q
where Q is weekly production and P is price, measured in cents per unit. The firm's cost function is given by C = 60Q + 25,000. Assume that the firm maximizes profits. What is the level of production, price, and total profit per week?

Reference no: EM13199572

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