Calculate the profit-maximizing equilibrium price

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Reference no: EM131096758

A market analysis conducted by SUNY Canton suggests the following market demand and marginal revenue relations: Public Demand: PPU = 225 - 0.005QPU and MRPU = 225 - 0.01QPU Student Demand: PST = 150 - 0.01QST and MRST = 150 - 0.02QST Total fixed cost, marginal cost and total variable functions are, respectively:

1. Calculate the profit-maximizing equilibrium price and quantity in each market segment

2. Calculate the total revenue, total cost, and total profit.

Reference no: EM131096758

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