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September 6, 2017 at 9:32 pm #406229
wert
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I think Q of 1 mln is not optimal, at max demand the price tends to be 0
September 6, 2017 at 9:18 pm #406220
wert
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As for profit maximising price:
P=400-0.0004Q,
MR=MC, so calculate MC and equate to ‘400-0.0008Q’, then find Q,
with that Q find P – those are profit maximising.
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