A firm’s production function is Q = 10 + 30L - .5L2 + 30K – K2, and its competitive demand function is PQ = MRQ = d = $40. The prices of L and K are PL = $6 and PK = $12. Suppose K is fixed at K =10.  Use Excel Solver to find the profit-maximizing quantity (Q)

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Q: firm’s production function is Q = 10 + 30L - .5L2+ 30K – K2, and its competitive demand function is…

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