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Find the optimal price using the First order condition and show the steps: Max_D (p-c) W(p) = 50(p-10,000)(2.8-p/5000)
Find the optimal price using the First order condition and show the steps:
Max_D (p-c) W(p) = 50(p-10,000)(2.8-p/5000)
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There are 3 Steps involved in it
Step: 1
To find the optimal price we need to maximize the profit function by taking the first ...
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Step: 2
Step: 3
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Managerial Economics
Authors: William F. Samuelson, Stephen G. Marks
8th edition
1118808940, 978-1119025900, 1119025907, 978-1119025924, 978-1118808948
