A Company Manufactures And Sells Q Digital Cameras Per Week The Weekly Price Demand And Cost Equations Are P 400 0 04q 1 (41.5 KiB) Viewed 9 times
A Company Manufactures And Sells Q Digital Cameras Per Week The Weekly Price Demand And Cost Equations Are P 400 0 04q 2 (28.42 KiB) Viewed 9 times
A company manufactures and sells Q digital cameras per week. The weekly price-demand and cost equations are: P=400-0.04Q. TC(Q)=2000+160Q. 1. Use MR-MC condition to find what price should the company charge for the cameras and how many cameras should be produced to maximize weekly profit? 2. What is the maximum weekly profit? TR(Q)= Enter the equation in descending order of powers of Q. To enter power, use "A" symbol. Example TR(Q)=-0.001Q^2+300Q MR(Q)= MC(Q)=
Set the equation: MR=MC Solution is: Q= Price that maximized the profit is: P=$ TPMax=$ To realize the maximize profit of $ company need to make and sell digital cameras and charge the price of $ per camera.
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