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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
3. The Coolidge Corporation is the only producer of a particular type of laser. The demand curve for its product is: QD = 8,300 – 2.1P, and its total cost function is TC = 2,200+ 480Q + 20Q2where P is price (in dollars), TC is total cost (in dollars), and Q is monthly output.
a) To maximize profit, how many lasers should the firm produce and sell per month?
b) If this number is produced and sold, what will the firm’s monthly profit?
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