Always round tire finds that their demand curve is p 50 -, Ask an Expert

Economics

Always Round Tire finds that their demand curve is P = 50 - .02 Q (note: Marginal Revenue has twice the slope as the demand curve). What price and quantity combination will maximize the firm's revenue? What are the total revenue and price elasticity at this point?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91709763

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