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    maximum revenue

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    The manufacturer of high-quality flatbed scanners is trying to decide what price to set for its product. The cost of production and the demand for the product are assumed to be as follows:

    TC = 10,000 + 100Q + 0.02Q^2

    Qd =20,000 - 100 P

    a) Algebraically determine the short-run profit maximizing price and quantity.

    b) algebraically determine the maximum profit accruable to the firm.

    c) Determine algebraically the maximum revenue accruable to the firm

    © BrainMass Inc. brainmass.com October 10, 2019, 1:19 am ad1c9bdddf
    https://brainmass.com/economics/short-and-long-run-cost-functions/maximum-revenue-329921

    Solution Summary

    The maximum revenue accruable to firm is presented.

    $2.19