Question: A firm has a demand function Q=- i. Profit maximizing output and price ii. The firms profit and cost function C = 50+400. Determine;

A firm has a demand function Q=- i. Profit maximizing output and

A firm has a demand function Q=- i. Profit maximizing output and price ii. The firms profit and cost function C = 50+400. Determine; (8 marks) (2 marks)

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