Using the Quadratic formula:Q = bb24ac2aQ= 41.8(20)(4)2(4)= 412.643.6= 4.62SinceP = 100 8Q= 100-(8 4.62)= 100

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Using the Quadratic formula:Q = −b±√b2−4ac2aQ= 4×1.8×(−20)¿(−4)2−¿−(−4)±√¿¿= 4±12.643.6= 4.62SinceP = 100 – 8Q= 100-(8 × 4.62)= 100 – 36.97= 63.02To maximize profit in the short-run, the company should charge $63.02

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Managerial Economics and Strategy

ISBN: 978-0321566447

1st edition

Authors: Jeffrey M. Perloff, James A. Brander

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Posted Date: Jan 11, 2021 02:18 PM

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Using the Quadratic formula:Q = bb24ac2aQ= 41.8(20)(4)2(4)= 412.643.6= 4.62SinceP = 100 8Q= 100-(8 4.62)= 100

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The demand and cost function for a company are estimated to be as follows P 100 8Q TC 5080Q10Q2 06Q3 a what price should the company The demand and cost function for a company are estimated to be as f... View the full answer

Managerial Economics and Strategy

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