Suppose the microchip producer discussed in this chapter faces demand and cost equations given by Q 8.5-.05P

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Suppose the microchip producer discussed in this chapter faces demand and cost equations given by Q 8.5-.05P and C 100+ 38Q Choosing to treat price as its main decision variable, the microchip producer writes profit as T-R-C [P(8.5 .05P)]-[100+(38)(8.5 .05P)] =-423 +10.4P-.05P2 Derive an expression for Mr dr/dP. Then set Mm = 0 to find the firm's optimal price. Your result should confirm the optimal price found earlier in the chapter.

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