Goolsbee1e_Solutions_Manual_Ch09_App - The Calculus of Prot Maximization 9 Appendix 1 Find marginal revenue for the firms that face the following demand

Goolsbee1e_Solutions_Manual_Ch09_App - The Calculus of Prot...

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Solution Solution 1. Find marginal revenue for the firms that face the following demand curves:a. Q= 1,000 5b. Q= 100P P 2 P Q Q 2 0.4Q 2 1 0.5 : Q 2. Suppose a firm faces demand of Q= 300 2Pand has a total cost curve of TC= 75Q+ Qa. What is the firm’s marginal revenue?b. What is the firm’s marginal cost?c. Find the firm’s profit-maximizing quantity where MR= MCd. Find the firm’s profit-maximizing price and profit. 2 . . P Q 2 : Q The Calculus of Profit Maximization 9
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