[See Solution] A manufacturer produces a product whose demand function is: P = 5000 - 2Q Determine the quantity of product that will maximize revenue . What
Question: A manufacturer produces a product whose demand function is:
P = 5000 - 2Q
- Determine the quantity of product that will maximize revenue . What is the corresponding price? Be sure to confirm that you have found a maximum.
- Suppose the manufacturer has fixed costs of $1,000 and the variable cost per unit is $500. Find the price of a unit that will maximize profit . Be sure to confirm that you have found a maximum.
Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document 
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