The Coolidge Corporation is the only producer of a particular type of laser. The demand curve for

Question:

The Coolidge is the only producer of a particular type of laser. The demand curve for its product is
Q = 8,300 - 2.1P
and its total cost function is
TC = 2,200 + 480Q + 20Q2
where P is price (in dollars), TC is total cost (in dollars), and Q is monthly output.
a. Derive an expression for the firm's marginal revenue curve.
b. To maximize profit, how many lasers should the firm produce and sell per month?
c. If this number were produced and sold, what would be the firm's monthly profit?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...