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

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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? Q=1250 P=25 ***What are the total revenue and price elasticity at this point? Please show work and solve what the total revenue and price elasticity are at this point please.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91844464

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