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Problem 4 . Las - O - Vision is the sole producer of holographic TVs , 3 DTVs . The quality demand for 3 DTVs
Problem LasOVision is the sole producer of holographic TVsDTVs The quality demand for DTVs is
The cost of producing DTVs per day is Note this implies that
a What is LasOVision's total revenue schedule?
b What is LasOVision's marginal revenue schedule?
c What is the profitmaximizing number of DTVs that LasOVision must produce each day? What price does
LasOVision charge per DTV What is its daily profit?
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