Determine the output to produce and charged price, Microeconomics

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Determine the output to produce and charged price

You are the manager of a firm that has an exclusive license to produce your product. The inverse market demand curve is P = 900 - 1.5Q. Your cost function is C(Q) = 2Q + Q2. Determine the output you should produce, the price you should charge, and your profits.

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Microeconomics: Determine the output to produce and charged price

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Microeconomics: Determine the output to produce and charged price

Reference No:- TGS038892

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Exchange rate between us dollar and turkish lira

Q : What will be the transfer price

Q : Partnership recognize on the distribution

Q : Percentage cost of trade credit

Q : Determine the output to produce and charged price

Q : Prepare a cost reconciliation schedule

Q : What are the major industries in our state economy

Q : What level of output should produce in the short run

Q : Deducted as lease expense on schedule

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Determine the output to produce and charged price

Reference No:- TGS038892

Recent Questions Asked Microeconomics

Q : Exchange rate between us dollar and turkish lira

Q : What will be the transfer price

Q : Partnership recognize on the distribution

Q : Percentage cost of trade credit

Q : Determine the output to produce and charged price

Q : Prepare a cost reconciliation schedule

Q : What are the major industries in our state economy

Q : What level of output should produce in the short run

Q : Deducted as lease expense on schedule

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