QUESTION 1 Suppose a firm has the following demand and cost functions Q(P) = 67230 - 1245P and C(q) = 42 Q + 5820 PLEASE

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QUESTION 1 Suppose a firm has the following demand and cost functions Q(P) = 67230 - 1245P and C(q) = 42 Q + 5820 PLEASE

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QUESTION 1 Suppose a firm has the following demand and costfunctions Q(P) = 67230 - 1245P and C(q) = 42 Q + 5820 PLEASE SHOWWORK FOR PARTIAL CREDIT A. Calculate the profit function B. Findthe profit maximizing quantity C. Find the profit maximizing priceD. Find profits at the profit maximizing price and quantity
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