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Total revenue and marginal revenue

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Reference no: EM133401188

The demand and cost function for a company are estimated to be as follows:

P = 100 - 8Q

TC = 50 + 80Q - 10Q2 + .6 Q3For Q = 1:15,

Calculate total cost, marginal cost, price, total revenue and marginal revenue.

What price should the company charge if it wans to maximize its profit in the short run?

How many units of production will there be at this price?

Reference no: EM133401188

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