Find the price and quantity that maximizes companies profit

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Reference no: EM13237755

Based on market research, a film production company in Ectenia obtains the following information about the demand and production costs of its new DVD:

Demand: P=1000-10Q
Total Revenue: TR=1000Q-10QZ
Marginal Revenue: MR=1000-20Q
Marginal Cost: MC=100+10Q
Where Q indicates the number or copies sold and P is the price in Ectenian dollars.

Find the price and quantity that maximizes the companies profit.

Reference no: EM13237755

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