Find and plot short-run profit maximizing price


The manufacture of high-quality flatbed scanners is trying to decide what price to set for its product. The costs of production and the demand for the product are assumed to be as follows: TC = 500,000 + 0.85Q + 0.015Q2 and Q =14,166 - 16.6P. Determine the short-run profit maximizing price. B. Plot this information on a graph showing AC, AVC, MC, P and MR.

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Microeconomics: Find and plot short-run profit maximizing price
Reference No:- TGS051270

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