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Qopy Qat is a specialty printer using the latest laser technology Its manager has estimated weekly demand as and total costs as

Qopy Qat is a specialty printer using the latest laser technology. Its manager has estimated weekly demand as: Q = 25,000 - 1000P and total costs as: STC = 12,000 + 13Q + 0.002Q2 where Q is output per week. a. Determine the firm’s revenue-maximizing price and quantity. (8) b. Determine the firm’s profit-maximizing price and quantity (10) c. Determine its maximum profits. (5)

Apr 09 2020 View more View Less

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