Quantity 200 - 5 p total cost 400 4 q looking to


Quantity = 200 - 5 (P) Total Cost = 400 + (4) Q Looking to find P and Q. I have the answers but am looking for step by step instructions. I get to P=40-Q/5 and then I plug that into TR = P x Q but I get stuck shortly after that. I also need help understanding what happens when demand changes to 100 - 5P

Solution Preview :

Prepared by a verified Expert
Microeconomics: Quantity 200 - 5 p total cost 400 4 q looking to
Reference No:- TGS0965282

Now Priced at $10 (50% Discount)

Recommended (90%)

Rated (4.3/5)