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Question: be0n 330chapter 1 practice problems 1 an insurance company currently...

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BE0N 330-Chapter 1 Practice Problems 1. An insurance company currently charges a price of $1,500 (P $1,500) for annual automobile insurance for preferred-risk drivers in DC. (Note: TR-1,5000) The company has the following total cost relationship: TC-41,000,000 + 500Q+ 0.005Q Calculate the companys profit maximizing Q, TR, TC, AC, and t.
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