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Suppose the demand for a product is given by Q = 200 – 5P. d) What...

Suppose the demand for a product is given by Q = 200 – 5P.

d) What price should the firm charge if it wants to maximize Total Revenue?

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Answer #1

Total revenue is maximum when marginal revenue is equal to 0.

Total w 2 doop -5P2 lo hete e a price

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