Problem 4. Las-O-Vision is the sole producer of holographic TVs, 3DTVs. The quality demand for 3DTVs is q= 10400 - 100p.
Posted: Sun Jun 05, 2022 4:06 pm
Problem 4. Las-O-Vision is the sole producer of holographic TVs, 3DTVs. The quality demand for 3DTVs is q= 10400 - 100p. The cost of producing q 3DTVs per day is C(q) = 2. (Note this implies that MC = = 2) (20) dC(q) dq (a) What is Las-O-Vision's total revenue schedule? (b) What is Las-O-Vision's marginal revenue schedule? (c) What is the profit-maximizing number of 3DTVs that Las-O-Vision must produce each day? What price does Las-O-Vision charge per 3DTV? What is its daily profit?