Q# 20.
Suppose that the demand function for a product is P-4000-2Q and the cost function is
C =0.202 +49 +400 where P is

Q# 20.
Suppose that the demand function for a product is P-4000-2Q and the cost function is
C =0.202 +49 +400 where P is the price and the Q is the number of units
Find & Max ?
a) Determine the level of output at which profit is maximized
b) Determine the price at which maximum profit occurs

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