Voodoo has a demand curve of: P=1000-Q/50 And a cost structure as: C=50Q+5000 What is the markup

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Voodoo has a demand curve of: P=1000-Q/50

And a cost structure as: C=50Q+5000 What is the markup over MC? What is Voodoo's profit?

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Microeconomics Theory and Applications with Calculus

ISBN: 978-0133019933

3rd edition

Authors: Jeffrey M. Perloff

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Posted Date: Mar 01, 2024 10:09 PM

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Voodoo has a demand curve of: P=1000-Q/50 And a cost structure as: C=50Q+5000 What is the markup

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Expert Answer:

To determine the markup over marginal cost MC we first need to find the marginal cost MC function Th... View the full answer

Microeconomics Theory and Applications with Calculus

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