Consider the following model of a firm. The firm can sell any number of units at the constant price, p, The marginal cost of production is given by MC = c + dq. If the technical parameters of the model are c=5 and d=2 and the price, p= £50, how much profit will the firm make if it produces and sells 17 units of the good? a. £11 b. -£374 c. £476 d. £850

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