Illustrate what price is required to maximize income

Assignment Help Macroeconomics

Reference no: EM1330831

Demand, Revenue, Cost and Profit

Q = 25 - 0.05P
TC = 700 + 200Q

Develop demand and cost schedules.

What is the quantity to sell to maximize profits?

What price is needed to maximize revenue?

What price is needed to maximize revenue but keep profits at a minimum of $300?

Reference no: EM1330831

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