Determine the revenue maximizing P and Q [where E = |1| or where MC = MR =

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Determine the revenue maximizing P and Q [where E = |1| or where MC = MR = 0]

MC=20 + 0.01333Q

MR = 50-0.02Q

P = 50-0.01Q

Related Book For answer-question

Management and Cost Accounting

ISBN: 978-1405888202

4th edition

Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, George Foster

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Posted Date: Jun 29, 2018 11:30 AM

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Determine the revenue maximizing P and Q [where E = |1| or where MC = MR =

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Management and Cost Accounting

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