Demand for a company’s product is given by the following equation: Q=1000-0.5P. You are also given that its total cost function TC=100+1000Q. Compute the profit maximizing price and quantity B. A firm earns an accounting profit of K150, 000 per year in project A. The firm could earn K150, 000 and K120, 000 in investments B and C, respectively. How much economic profit is the firm earning assuming the three projects are mutually

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