Answered: D: P=100-Q and S: MC=Q. What is the…

D: P=100-Q and S: MC=Q. What is the profit-maximizing price and quantity? Round to two decimal places as you work and for your final answer. Please show all steps.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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D: P=100-Q and S: MC=Q. What is the profit-maximizing price and quantity? Round to two decimal places as you work and for your final answer. Please show all steps.

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