The manufacturer of smart printers is trying to decide what price to set for its product. The demand and cost function are assumed to be as follows: P = 80 -2Q TC= 160 +50Q-1.5Q ² What price should it charge if it wants to maximize its revenue in the short run? What is the optimal quantity for the printer under this price?
The manufacturer of smart printers is trying to decide what price to set for its product. The demand and cost function are assumed to be as follows: P = 80 -2Q TC= 160 +50Q-1.5Q ² What price should it charge if it wants to maximize its revenue in the short run? What is the optimal quantity for the printer under this price?
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
Chapter9: Applications Of Cost Theory
Section: Chapter Questions
Problem 5E
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Question
The manufacturer of smart printers is trying to decide what price to set for its product. The
demand and cost function are assumed to be as follows:
P = 80 -2Q
TC= 160 +50Q-1.5Q ²
What price should it charge if it wants to maximize its revenue in the short run?
What is the optimal quantity for the printer under this price?
No handwriting. Please. Type
![16:03
P = 80-2Q
TC= 160 +50Q-1.5Q ²
B I
>
6
The manufacturer of smart printers is trying to decide what price to set for its product. The
demand and cost function are assumed to be as follows:
What price should it charge if it wants to maximize its revenue in the short run?
What is the optimal quantity for the printer under this price?
?123
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Transcribed Image Text:16:03
P = 80-2Q
TC= 160 +50Q-1.5Q ²
B I
>
6
The manufacturer of smart printers is trying to decide what price to set for its product. The
demand and cost function are assumed to be as follows:
What price should it charge if it wants to maximize its revenue in the short run?
What is the optimal quantity for the printer under this price?
?123
Document (1) (18) - Saving...
I U
(99
VPN
The manufa...
17.0
KB/S
L123 80
English
2G
2166
5
1:3
1
2
3
4
5
6
7
8
Ở VÌ Ẻ RT Ý Ủ ΓΟΡ
ASDF G H J K L
Z X C V B N M
16
:
a
X
↓
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