Essay
KopyKat is a firm that specializes in printing business cards and résumé's,using the latest laser technology.The manager has estimated that weekly demand can be approximated by P = 25 - 0.001Q,where P is price and Q is output per week.The firm's cost function is C = 25,000 + 13Q + 0.002Q2,where C is total cost.
(a)Determine the firm's profit maximizing price and output.
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