What initial price should the firm charge
Short-run demand and cost schedules
A firm estimates it has the following short-run demand and cost schedules for a planned new product: Q = 300 - 6P and TC = 450 + 5Q. What initial price should the firm charge?
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A firm estimates it has the following short-run demand and cost schedules for a planned new product: Q = 300 - 6P and TC = 450 + 5Q. What initial price should the firm charge.
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