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Weekly demand and cost relations for Sandpiper Products, Inc., are given by the equations
P = $180 - $10Q (Demand)
TC = $75,000 + $5Q + $7.5Q2
Where Q is the quantity produced and sold per week.

a. Determine the profit maximizing price and output. (Q=, Price= 2yx2=)

b. Determine the revenue maximizing price and output. (Q=, Price=2yx2)

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9499243

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