1. Refer to the figure below. The equation for p = 105-0.005D. Calculate a) fixed cost b) optimum demand for the commodity if p = 105 – 0.005D c) value of the maximum profit - 25,000+65D W Y D (units sold) Cost/Revenue

1. Refer to the figure below. The equation for p = 105-0.005D. Calculate a) fixed cost b) optimum demand for the commodity if p = 105 – 0.005D c) value of the maximum profit - 25,000+65D W Y D (units sold) Cost/Revenue

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter5: Investment Decisions: Look Ahead And Reason Back

Section: Chapter Questions

Problem 9MC

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