Rex has determined that demand for his product is given by Q=180-5p and cost equation given by
Question:
A. Determine the optimal price and quantity for the firm.
B. Suppose that cost changes to C=25+0.4Q. Determine the new price and quantity. Explain.
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Rex has determined that demand for his product is given by Q1805p and cost equation given by C753Q A ...View the full answer
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