# Maximize Profit and Revenue

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

https://brainmass.com/economics/microeconomics/maximize-profit-revenue-250347

#### Solution Summary

Maximize profit and revenue are explicated.

$2.19