Suppose you are a manager of a firm you estimate equations, Business Economics

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Suppose you are a manager of a firm you estimate equations

Suppose you are a manager of a firm. You estimate equations for the firm as follow:Fixed Cost = 600,000, Marginal Cost = Average Variable Cost = 63, Marginal Revenue = 130 - 0.00025Q, Demand: P = 130 - 0.000125Q

Find the revenue maximizing level of quantity, price, total revenue, and total profit

Find the profit maximizing level of quantity, price, total revenue and total profit.

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Business Economics: Suppose you are a manager of a firm you estimate equations

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Business Economics: Suppose you are a manager of a firm you estimate equations

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