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Calculate output-price-total revenue-total profit


P = $130 - $0.000125Q

MR - $130 - 0.00025

Fixed development cost = $600,000

Marginal costs are $63 per unit.

Question: Calculate output, price, total revenue and total profit at the revenue maximizing activity level and then at the profit maximizing level (present each with relevant diagrams).

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Macroeconomics: Calculate output-price-total revenue-total profit
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