Derive an expression for the firm-s marginal revenue curve, Microeconomics

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Derive an expression for the firm-s marginal revenue curve

The Coolidge Corporation is the only producer of a particular type of laser. The demand curve for its product is

QD= 8,300 - 2.1P

and its total cost function is

TC = 2,200 + 480Q + 20Q2

where P is price (in dollars), TC is total cost (in dollars), and Q is monthly output.

a. Derive an expression for the firm's marginal revenue curve.

b. To maximize profit, how many lasers should the firm produce and sell per month?

c. If this number were produced and sold, what would be the firm's monthly profit

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Microeconomics: Derive an expression for the firm-s marginal revenue curve

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Microeconomics: Derive an expression for the firm-s marginal revenue curve

Reference No:- TGS071184

Have a Question? (oR Write a Review)

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Microeconomics: Derive an expression for the firm-s marginal revenue curve

Reference No:- TGS071184

Recent Questions Asked Microeconomics

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