Illustrate at what price can the firm sell the level of, Ask an Expert

Economics

A firm has the following demand function: P=100-0.25Q

a) is this firm a competitive market? How do you know?

b) Find out the total Revenue Function where TR+f(Q)

c) what price maximizes revenue?

d) Illustrate at what price can the firm sell the level of output found in the previous question?

e) The firm's costs can be described by the following function, C=2000+0.15Q. Find the profit function where Profit=g(Q).

f) at what level of output is profit maximized?

g) what price maximizes profit?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9276862

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