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OpenStudy (anonymous):
A monopoly has cost function TC(q)=1000+2q+0.06q^2 and its demand curve has equation q+10p=500. What value of q maximizes the profit? PLEASE HELP! URGENT! THANK YOU! :)
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OpenStudy (amistre64):
the breakeven point is when cost = revenue; solve both equation for q, and equate them is what i would assume
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