Output is the demand for the firms product price elastic

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Reference no: EM13987097

Mark's demand curve for the company's product is:

P = 2000-20Q

Where P is the price, and Q is the number sold per month.

Derive the marginal revenue curve for the firm.

At what output is the demand for the firm's product price elastic?

If the firm wants to maximize its dollar sales volume, what price should it charge?

Reference no: EM13987097

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