Question: please help rather than his profit (15 points). 5. a) Find the price that maximizes the total revenue if the demand function is q =v1800

please help

please help rather than his profit (15 points). 5. a) Find the

rather than his profit (15 points). 5. a) Find the price that maximizes the total revenue if the demand function is q =v1800 -p- (5 points) b) Find and discuss the price interval of elastic demand and the interval of inelastic demand(10 points) 6. If C=C(q) is a firm's total cost function, the quantity _q.do is called the elasticity

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!