Chillman Motors, Inc., is an oligopolist and faces the following kinked demand curve: The demand function can be expreseed algebraically as: P= 200-0.4Q when 0<Q<50       280-2Q when Q>50   Calculate the marginal revenue function facing chillman?   Chillman's total cost function is  TC=500+50Q+0.5Q2   Chillman maximizes profit by selling                units at a price of $           per unit.

ENGR.ECONOMIC ANALYSIS
14th Edition
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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Chillman Motors, Inc., is an oligopolist and faces the following kinked demand curve:

The demand function can be expreseed algebraically as:

P= 200-0.4Q when 0<Q<50

      280-2Q when Q>50

 

Calculate the marginal revenue function facing chillman?

 

Chillman's total cost function is 

TC=500+50Q+0.5Q2

 

Chillman maximizes profit by selling                units at a price of $           per unit. 

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