Price-quantity combination-maximum revenues, Macroeconomics

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Price-quantity combination-maximum revenues

You are the manager of a monopoly, and your demand and cost functions are given by P = 200 - 2Q and C(Q) = 2000 + 3Q2, respectively.

A What price-quantity combination maximizes your firm's profits?

B Calculate the maximum profits

C Is demand elastic, inelastic, or unit elastic at the profit-maximizing price -quantity combination?

D What price-quantity combination maximizes revenue?

E Calculate the maximum revenues?

F Is demand elastic, inelastic, or init elastic at the revenue-maximizing price-quantity combination?

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Macroeconomics: Price-quantity combination-maximum revenues

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Macroeconomics: Price-quantity combination-maximum revenues

Reference No:- TGS067019

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Recent Questions Asked Macroeconomics

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Macroeconomics: Price-quantity combination-maximum revenues

Reference No:- TGS067019

Recent Questions Asked Macroeconomics

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