Question: I need help with b, c and ii P lmd (i) Suppose you are the manager of Alpha Enterprises, a rm that holds a patent

I need help with b, c and ii

P lmd (i) Suppose you are the manager of Alpha Enterprises, a rm that holds a patent that makes it the exclusive manufacturer of bubble memory chips. Based on the estimates provided by a consultant, you know that the relevant demand and cost functions for bubble memory chips are Q=25-0.5P; C=50+2Q. a. What is the lm's inverse demand function? h. 1What are the levels of output and price when you are maximizing prots? c. What will be the level of your prots? (ii) Suppose a typical consumer's inverse demand function for bottled water at a resort area where one firm owns all the rights to a local spring is given by P = 15 - 3Q. The marginal cost for gathering and bottling the water is $3 per gallon. Find the optimal number of bottles to package together for sale and the prot-maximizing price to charge for the package

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