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# The profit maximizin outputand maximum amount of profit

Asked Mar 8, 2010, 01:26 AM — 1 Answer
A single product firm operating ina perfectly competitive markethas the following total cost function:
C= Q- 5/2 Q+2Q+5
given that market price per unit of output Rs. 10.00 find

The firm's profit function?

1 Answer
 ROLCAM Posts: 1,437, Reputation: 250 Ultra Member #2 Mar 8, 2010, 01:57 AM
C= q- 5/2 q+2q+5

C = 1000 - 250 + 10 +5

C = 765

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