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Company XYZ has the following demand function P= 100 - 0.0002Q Its marginal revenue function was MR = 100 - 0.004Q a. Find the firm's
Company XYZ has the following demand function P= 100 - 0.0002Q Its marginal revenue function was MR = 100 - 0.004Q a. Find the firm's Total Revenue Function b. Calculate the output level and price that maximizes total revenue. c. Calculate the amount of revenues in dollars
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Managerial Economics and Organizational Architecture
Authors: James Brickley, Jerold Zimmerman, Clifford W. Smith Jr
5th edition
73375829, 978-0073375823
