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*The last person who answered this question answered it incorrectly. A firm’s cost function is the...

*The last person who answered this question answered it incorrectly.

A firm’s cost function is the following: ? = 1 2 ? 3 + 10? 2 + 24? + 132 Q is in millions of units and P is dollars.

The firm faces the following demand for its product: ? = ? − 282 /−0.1

a) What is the level of output at which the firm maximizes its profit?

b) What is this maximum level profit?

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