Question
Instructions: Use the Demand Slider in the Settings to have your demand curve match the equation {Demand: P=$4.80-0.060(Qd)} . d. What is the optimal price
Instructions: Use the Demand Slider in the "Settings" to have your demand curve match the equation {Demand: P=$4.80-0.060(Qd)}.
d. What is the optimal price and quantity to maximize the total revenue? P = $ , Q = , TR = $
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Managerial Economics and Business Strategy
Authors: Michael R. baye
7th Edition
978-0073375960, 71267441, 73375969, 978-0071267441
