Given a demand curve of P = 190-7Qd and supply of P = 4 +5Qs, find the PROFIT of the firm at the optimal level of production for the firm. Please enter your response as a positive number with 1 decimal and 5/4 rounding (e.g. 1.15 1.2, 1.14 = 1.1).

Given a demand curve of P = 190-7Qd and supply of P = 4 +5Qs, find the PROFIT of the firm at the optimal level of production for the firm. Please enter your response as a positive number with 1 decimal and 5/4 rounding (e.g. 1.15 1.2, 1.14 = 1.1).

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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