Calculate the price and quantity to maximize tr

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Reference no: EM13232471

Enumerate the various objectives a firm might have and how the price mechanism can be used to realize such goals. Have you any real-world examples to support your answer?

While you're at it, calculate the price and quantity to:
(a) Maximize TR
(b) Maximize total profit

If Demand P = 200-2Q, and cost TC = 200 -10Q + 3Q2 .

Reference no: EM13232471

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