[Solution] Suppose you are the manager of Alpha Enterprises - a firm that holds a patent that makes it the exclusive manufacturer of bubble memory chips.
Question: Suppose you are the manager of Alpha Enterprises – a firm that holds a patent that makes it the exclusive manufacturer of bubble memory chips. Based on the estimates provided by a consultant, you know that the relevant demand and cost functions for bubble memory chips are \[Q=25-.5P\] ; \[C=50+2Q\] .
- What is the firm’s inverse demand function?
- What is the firm’s marginal revenue when producing 4 units of output?
- What are the levels of output and price when you are maximizing profits?
- What will be the level of your profits?
Deliverable: Word Document 
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