Question: 5. Answer the ln-chapter questions in Chapter Branded Products. Take a screen shot of your answers and paste them in front of the exercise answers

5. Answer the ln-chapter questions in Chapter" Branded Products. Take a screen shot of your answers and paste them in front of the exercise answers for Chapter 11. {1%) Answerthe following Branded Products exercise questions. (1.5%} A. Construct an Excel model with solver to solve for the profit maximizing levels of price and quantity for the profit function, Z = qp - Cf- qcu, where Cf = 8000, CV = 6, and the demand function for the product is q = 2400 - 24p. Illustrate the solution with a graph ofthe profit function, showing the prot maximizing price level. B. For an oligopoly as described in the chapter, construct an Excel model to solve for the prot maximizing price of B: which is P2 when Firm 2 expects P1 to be 10
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