demand for a firm has been measured by P=100-5Q.

demand for a firm has been measured by P=100-5Q. indicate price and level of output a profit maximizing firm would choose

SolutionOUTPUT PRICE REVENUE COST PROFIT 1 95 95 200 -105 2 90 180 210 -30 3 85 255 220 35 4 80 320 231 89 5 75 375 243 132 6 70 420 256 164 7 65 455 270 185 8 60 480 285 195 9 55 495 301 194 10 50…

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