QH: Use the demand function D(p)=(p-10)^2 * (p+10)^2 for p values between 0 and 10. Suppose there is no per-item cost. What is the optimal price to set? Calculus (derivatives) won’t be much help here. Figure out a way to do it using technology (desmos? Wolfram alpha? Trying different numbers? spreadsheet?).

QH: Use the demand function D(p)=(p-10)^2 * (p+10)^2 for p values between 0 and 10. Suppose there is no per-item cost. What is the optimal price to set? Calculus (derivatives) won’t be much help here. Figure out a way to do it using technology (desmos? Wolfram alpha? Trying different numbers? spreadsheet?).

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter17: Capital And Time

Section: Chapter Questions

Problem 17.6P

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