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Determine the short-run profit-maximizing price

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Reference no: EM133130671

A manufacturer of high-quality flatbed scanners is trying to decide on a price for its product. Production costs and product demand are assumed as follows:

CT 500,000 0.85Q 0.015Q2

Q14,166 16.6P

a. Determine the short-run profit-maximizing price.

b. Plot this information to show TAC, CVP, MC, P, and MR.

Reference no: EM133130671

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