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a. Express the firm's marginal revenue as a function of its price.
MR = x P
b. Determine the profit-maximizing price.© BrainMass Inc. brainmass.com September 22, 2018, 9:21 pm ad1c9bdddf - https://brainmass.com/economics/managerial-economics/calculating-the-optimal-price-in-the-given-case-583782
Solution determines the Marginal Revenue function and profit maximizing price in the given case.