Toys corporation has estimated its demand and cost function, Ask an Expert

Economics

1) Toys Corporation has estimated its demand and cost function as follow:

Q = 25 - 0.05P

T_C = 780 + 200Q

a) What will be the price and quantity if Toys would like:

1) Maximize profits

2) Maximize income

3) Maximize income, but requires aminimum profit of $300?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9399904

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