(Answered) A noncompetitive firm with the cost function tc 3 q- 12q2

Economics

A noncompetitive firm with the cost function TC = 3 Q- 12Q2+ 185Q + 400 is facing the following demand function for its product

Q = j6400 - 2P2

(a) Determine the firm's profit maximizing combination of price and quantity.

(b) Determine the firm's revenue maximizing combination of price and quantity.

(d) What is the demand elasticity at the profit maximizing price?

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Microeconomics, Economics

Category:- Microeconomics
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