The following demand and marginal cost equations represent the demand for some service inside the firm. At

Fantastic news! We've Found the answer you've been seeking!

Question:

The following demand and marginal cost equations represent the demand for some service inside the firm. At what price should the service be sold? Would it matter whether there was an external market for this service? The Demand function is P=30-2Q. The marginal cost function is MC=20