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Calculation of optimal weekly output and price of the firm.

The following information is available for a firm's product with some monopoly power.

TC = 150 + 0.25Q

P = 2 - 0.001Q

TR = 2Q - 0.001Q2

Describe the optimal weekly output and price of this firm.

Describe the weekly profit from the production and sale of this product.

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M916136

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