19. Suppose the firm in Technical Problem 18 faces the following demand function: a. Write the equation

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19. Suppose the firm in Technical Problem 18 faces the following demand function:

a. Write the equation for the inverse demand function.

b. Find the marginal revenue function.

c. How much output should the manager produce to maximize profit? What price should be charged for the output?

d. How should the manager allocate production between plants A and B?

Now suppose demand decreases to Q 800 80P.

e. How many units should the manager produce in order to maximize profit?

f. How should the manager allocate production between plants A and B?

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Managerial Economics

ISBN: 9780073375915

10th Edition

Authors: Christopher R Thomas, S Charles Maurice

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Question Posted: Oct 08, 2024 11:00 AM

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19. Suppose the firm in Technical Problem 18 faces the following demand function: a. Write the equation

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Managerial Economics

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