Suppose a firm has the following demand and cost functions (ATTACHED) A. Calculate the profit function B. Find the profit maximizing quantity C. Find the profit maximizing price

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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Suppose a firm has the following demand and cost functions (ATTACHED)

A. Calculate the profit function

B. Find the profit maximizing quantity

C. Find the profit maximizing price

Q(P) = 9006158P
and
C(Q)=39Q +3798
Transcribed Image Text:Q(P) = 9006158P and C(Q)=39Q +3798
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Which one is the profit maximizing quantity and which one is the profit maximizing price?

And how did you come up with the inverse demand function at the beginning?

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