Use a spreadsheet to answer this problem. Use S1 page 118 as an example. Q = 300-2P, C= 50 + 100Q +
Question: Use a spreadsheet to answer this problem. Use S1 page 118 as an example.
Q = 300-2P, C= 50 + 100Q + 4Q2
Find Q that maximizes revenue
Find Q that maximizes profit
What is maximum profit in dollar amount?
What is elasticity at this price and quantity?
Price: $2.99
Answer: The solution consists of 4 pages
Solution Format: Word Document
Solution Format: Word Document
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