Homework Answers
Correct : $7.59
P = 15 - 1.5Q
TR = PQ = 15Q - 1.5Q^2
MR = 15 - 3Q
MR = MC at profit maximization
15 - 3Q = 0.18
3Q = 14.82
Q= 4.94
P= 15 - 1.5*4.94= 7.59
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