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Skypark Berhad has the following segmented demand and marginal revenue curves for its new product. P_1=60- Q_1 P_2=80- 3Q_2 TC=100 2Q- 0.5Q_2 where P_is the
Skypark Berhad has the following segmented demand and marginal revenue curves for its new product. P_1=60- Q_1 P_2=80- 3Q_2 TC=100 2Q- 0.5Q_2 where P_is the price, Q is the quantity and TC is the total cost. Calculate the price, output and profit at the profit maximizing level. Draw a graph of the demand, marginal revenue and marginal cost curves
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International Economics
Authors: Dominick Salvatore
11th edition
978-1118177938, 1118177932, 1119915732, 978-1118476017, 1118476018, 978-1119915737
