The demand for private sellers' services is as follows: P = -1.6Q + 103 The fixed cost

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The demand for private sellers' services is as follows: P = -1.6Q + 103

The fixed cost of the private seller is 100 and the variable cost is VC = 11Q + 0.010Q2

What is the profit of the private seller in the ideal position (which can be the biggest profit)?

Remember to calculate with many decimal places, but the final answer does not have to be with decimal places.

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Feb 28, 2024 01:36 AM

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The demand for private sellers' services is as follows: P = -1.6Q + 103 The fixed cost

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Microeconomics An Intuitive Approach with Calculus

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