Determine the optimal price and quantity for the firm.

February 14, 2022/in Term Paper Tutors /by admin

Rex has determined that demand for his product is given by Q=180-5p and cost equation given by C=75+.3Q.

A. Determine the optimal price and quantity for the firm.

B. Suppose that cost changes to C=25+0.4Q. Determine the new price and quantity. Explain.