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 the company charge if it wants to maximize its profit in the short run? What is the optimal quantity for the printer following this optimal 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 the company charge if it wants to maximize its profit in the short run? What is the optimal quantity for the printer following this optimal price?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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 the company charge if it wants to maximize its profit in the short run? What is
the optimal quantity for the printer following this optimal price?
![15:11
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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 the company charge
if it wants to maximize its profit in the
short run?
BI U ο A
What is
the optimal quantity for the printer
following this optimal price?
1:3
- - -
:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc0a0eb44-0d82-4149-bd9e-63330869cded%2Fb20fc55f-ce58-4e10-9cb3-b0a0aa2e9a25%2Frtryouyh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:15:11
Document (1)
0
VPN
0.04
KB/S
274
5
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 the company charge
if it wants to maximize its profit in the
short run?
BI U ο A
What is
the optimal quantity for the printer
following this optimal price?
1:3
- - -
:
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