A firm faces the demand curve: P = 1,350 - 8Q. What is the firm's revenue maximizing price? Enter as a value (round to two decimal places if necessary). Type your answer.
A firm faces the demand curve: P = 1,350 - 8Q. What is the firm's revenue maximizing price? Enter as a value (round to two decimal places if necessary). Type your answer.
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter3: Demand Analysis
Section: Chapter Questions
Problem 5E
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