Question: Example 3 : Profit Optimization The demand function of a company is Q = 8 . 5 - 0 . 0 5 P , and

Example 3: Profit Optimization
The demand function of a company is Q=8.5-0.05P, and the total cost function TC=100+38Q.
What is the optimal output Q**? And the optimal price, optimal total revenue, and optimal total cost?
Example 3: Profit Optimization The demand function of a company is

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