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What is the demand elasticity at the profit maximizing price

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Reference no: EM13877397

A noncompetitive firm with the cost function TC = 3 Q- 12Q2+ 185Q + 400 is facing the following demand function for its product

Q = j6400 - 2P2

(a) Determine the firm's profit maximizing combination of price and quantity.

(b) Determine the firm's revenue maximizing combination of price and quantity.

(c) Show that at the total revenue maximizing price the demand elasticity is unitary.

(d) What is the demand elasticity at the profit maximizing price?

Reference no: EM13877397

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