The demand curve is P= 100 (4/5) x Q. What price maximizes total revenues to the

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The demand curve is P= 100 – (4/5) x Q. What price maximizes total revenues to the firms?

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Managerial Economics

ISBN: 978-0133020267

7th edition

Authors: Paul Keat, Philip K Young, Steve Erfle

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Posted Date: Mar 06, 2024 12:57 AM

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The demand curve is P= 100 (4/5) x Q. What price maximizes total revenues to the

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To maximize total revenue TR we need to find the price elasticity of demand PED and use its relation... View the full answer

Managerial Economics

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