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Question on demand function for a product

Problem: The Demand Function for a product can be as Q=400-2P. We would have a fixed cost for this product as 200 and our variable costs are 0.5 per unit. Please let me know the equation for the profit. When is profit maximized? What is the maximum profit?

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Solution Preview :

Prepared by a verified Expert

Microeconomics: Question on demand function for a product

Reference No:- TGS01748845

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Determining the level of production

Q : Write about socio-cultural factors

Q : Survey of healthcare management

Q : Business torts and ethics

Q : Question on demand function for a product

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Q : Discuss medical sociology

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Solution Preview :

Prepared by a verified Expert

Microeconomics: Question on demand function for a product

Reference No:- TGS01748845

Recent Questions Asked Microeconomics

Q : Determining the level of production

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Q : Survey of healthcare management

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