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On July, Mr. Anton wants to figure out how his boba drinking business is going. Function of Demands is: P=20 + 2Q - Q2and the
On July, Mr. Anton wants to figure out how his boba drinking business is going. Function of Demands is: P=20 + 2Q - Q2and the average expence is AC = 1/Q.
From the information above, calculate :
a. What is the price elasticity of demand (PED) when the sell (Q) = 2 (thousand cups), and explain ?
b. How much is the Revenue (in Million Rupiahs) Mr. Anton can afford by selling 2 (thousand cups) ?
c. How much is the maximum revenue Mr. Anton can afford along the July (in Million Rupiahs)
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