Find out the output to produce and to charge, Microeconomics

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Find out the output to produce and to charge

You are the manager of a firm that has an exclusive license to produce your product. The inverse market demand curve is P = 1,000 - .5Q. Your cost function is C(Q) = 2Q + Q2 and

MC = 2 + 2Q. Determine the output you should produce, the price you should charge, and your profits.

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Microeconomics: Find out the output to produce and to charge

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Microeconomics: Find out the output to produce and to charge

Reference No:- TGS0511487

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Recent Questions Asked Microeconomics

Q : Computing the allowance for doubtful accounts

Q : How firms raise capital

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Q : Average collection period for accounts receivable

Q : Find out the output to produce and to charge

Q : Important external environmental factor

Q : Influence of organizational functions

Q : In relating operations management and the customer benefit

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Find out the output to produce and to charge

Reference No:- TGS0511487

Recent Questions Asked Microeconomics

Q : Computing the allowance for doubtful accounts

Q : How firms raise capital

Q : Challenges to communicating with groups

Q : Average collection period for accounts receivable

Q : Find out the output to produce and to charge

Q : Important external environmental factor

Q : Influence of organizational functions

Q : In relating operations management and the customer benefit

Q : What is capital planning

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