Answered: Q(P) = 7332– 47P CIQ) = 102Q+8675 Given…

Q(P) = 7332– 47P CIQ) = 102Q+8675 Given the demand and cost function shown below, calculate the profit maximizing price. O 129 O 125 O 119 O 131

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter2: Fundamental Economic Concepts

Section: Chapter Questions

Problem 2E

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Question

Q(P) = 7332 – 47P
CIQ) = 102 Q+8675
Given the demand and cost function shown below, calculate the profit maximizing price.
129
125
119
O 131

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