(Answered) Afirm faces the following average revenue demand curve p

Management Studies

A firm faces the following average revenue (demand) curve: P = 100 - 0.01Q where Q is weekly production and P is price, measured in cents per unit. The firm's cost function is given by C = 50Q + 30,000. Assuming the firm maximizes profits,

(A) What is the level of production, price, and total profit per week?

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Business Management, Management Studies

Category:- Business Management
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