The manufacturer of smart printers is trying to decide what price to set for its product. The demand and cost function are assumed to be as follows: P = 80 -2Q TC= 160 +50Q-1.5Q ²What price should it charge if it wants to maximize its revenue in the short run? What is the optimal quantity for the printer under this price? No handwriting. Please. Type 16:03P = 80-2QTC= 160 +50Q-1.5Q ²B I>6The manufacturer of smart printers is trying to decide what price to set for its product. Thedemand and cost function are assumed to be as follows:What price should it charge if it wants to maximize its revenue in the short run?What is the optimal quantity for the printer under this price??123Document (1) (18) - Saving...I U(99VPNThe manufa...17.0KB/SL123 80English2G216651:312345678Ở VÌ Ẻ RT Ý Ủ ΓΟΡASDF G H J K LZ X C V B N M16:aX↓

To maximize profits, the firm will be setting the marginal cost equal to marginal revenue.

The manufacturer of smart printers is trying to decide what price to set for its product. The demand and cost function are assumed to be as follows: P = 80 -2Q TC= 160 +50Q-1.5Q ² What price should it charge if it wants to maximize its revenue in the short run? What is the optimal quantity for the printer under this price?

The manufacturer of smart printers is trying to decide what price to set for its product. The demand and cost function are assumed to be as follows: P = 80 -2Q TC= 160 +50Q-1.5Q ² What price should it charge if it wants to maximize its revenue in the short run? What is the optimal quantity for the printer under this price?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter9: Applications Of Cost Theory

Section: Chapter Questions

Problem 5E

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