Should produce in order to maximize revenue

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Currently, the demand equation for baseball bats is Q = 300 - 5P. The current price is $15 per bat. Is this the best price to charge in order to maximize revenues? If not, indicate what price you should charge and quantity that you should produce in order to maximize revenue.

Reference no: EM131109658

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Should produce in order to maximize revenue : Currently, the demand equation for baseball bats is Q = 300 - 5P. The current price is $15 per bat. Is this the best price to charge in order to maximize revenues? If not, indicate what price you should charge and quantity that you should produce in ..

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