Let a companys demand be given by q100-p. let companys, Ask an Expert

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Let a firm's demand be given by: Q=100-P. Let the firm's marginal cost be $2 per unit of production. Solve for the firm's marginal revenue equation and optimal output/price combination. If the firm sets prices using Cost-Plus pricing what is the % markup over cost at the optimal price you found above?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9293603

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