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Martin s Enterprise has been experiencing difficulties with respect to the competitiveness of the price that it charges to consumers. In January 2 0 2

 
Martins Enterprise has been experiencing difficulties with respect to the competitiveness of the price that it charges to consumers. In January 2021, a market research team used demand and supply information to arrive at the following demand and cost functions:
P=200-4Q; where P is the unit selling price and Q is the quantity of units in thousands.
TC=6Q2+30Q +350; where TC is total costs in thousands of dollars.
Required:
(a) Determine the output level that would maximize profits for Martins Enterprise.
(b) Compute the optimal price that Martins Enterprise should charge in order to maximize profit.
(c) Calculate the optimal sales revenue that would maximize profits.
(d) How much profit would Martins Enterprise make in January 2021?

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