Question: Suppose I estimate the following demand function for a watch I produce and sell: Q = 10000 - 4P 200PR Where: Q = quantity demanded

Suppose I estimate the following demand function for a watch I produce and sell: Q = 10000 - 4P 200PR Where: Q = quantity demanded in units P = price in dollars PR = number of YouTubers who positively review my watch We are currently operating at the following values: P = $400 PR = 10 In addition, suppose MC is $300. What is the profit maximizing output and price? Show and explain all your work and match up your answer to your work in part b

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