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Maximize Profit and Revenue

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An oligopolist, the Bramwell Corporation has estimated its demand function and total cost functions to be as follows:

Q=25-0.05P
TC=700+200P

Quanitites to be used 1 to 14

What will be the price and quantity if Bramwell wnat to
1) Maximize Profit
2) Maximize Revenue
3) Determine the maximum revenue and the maximum profit for the oligopolist

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Solution Summary

Maximize profit and revenue are explicated.

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  • BE, Bangalore University, India
  • MS, University of Wisconsin-Madison
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