The intercept of the demand function is 878000 and the, Ask an Expert

Economics

The intercept of the demand function is 878,000 and the intercept for the marginal revenue is 100,000. Vertical.

a) Determine the price and quantity that will maximize revenue.

b) What is the price elasticity at a price of $69,000?

c) If the marginal cost is constant at $82,000; what is the profit maximizing price?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92001886

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