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The Johnson Robot Company's marketing managers estimate that the demand curve for the company's robots in 2012 is: P=3000-40Q where P is the price of

The Johnson Robot Company's marketing managers estimate that the demand curve for the company's robots in 2012 is: P=3000-40Q

where P is the price of a robot and Q is the number sold per month.

a. Derive the marginal revenue curve for the firm.

b. At what prices is the demand for the firm's product price elastic?

c. If the firm wants to maximize its dollar sales volume, what price should it charge?

Tutor, can you handwrite your work?

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