What is the revenue maximizing price

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Reference no: EM131244647

Qx = 50 – 10Px + 8Ps – 5Pc – 0.01Y (given: Px = $20; Ps = $25; Pc = $10 and Y = $5,000

a) What is the demand curve?

b) What is the revenue maximizing price?

c) If MC = $0; what are the implications for revenue and profit? Explain!

d) What type of good? Explain!

Reference no: EM131244647

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