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You are the manager of a monopoly, and your demand and cost functions are given by P= 200 - 2Q and C(Q)= 2000 + 3Q^2, respectively.
a. what price-quantity combination maximizes your frm's profits?
b. calculate the maximum profits.
c. is demand elastic, inelastic, or unit elastic at the profit-maximizing price-quantity combination?
d. what price-quantity combination maximizes revenue?
e. calculate the maximum revenues.
f. is demand elastic, inelastic, or unit elastic at the revenue-maximizing price-quantity combination?
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Assume the cost of a can was $5.10. In this case, to maximize its profit the firm illustrated in the figure above would
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Illustrate what is strategic portfolio management. What is the relationship between strategic portfolio management and project management.
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