Question: Rex has determined that demand for his product is given by Q=180-5p and cost equation given by C=75+.3Q. A. Determine the optimal price and quantity

Rex has determined that demand for his product is given by Q=180-5p and cost equation given by C=75+.3Q.
A. Determine the optimal price and quantity for the firm.
B. Suppose that cost changes to C=25+0.4Q. Determine the new price and quantity. Explain.

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