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A firm faces the demand curve: P = 1,350 - 8Q. What is the firm's revenue maximizing price? Enter as a value (round to two decimal places if necessary). Type your answer.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A firm faces the demand curve: P = 1,350 - 8Q. What is the firm's revenue maximizing price?
Enter as a value (round to two decimal places if necessary),
Type your answer.

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