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DEMAND FOR A COMPANY PRODUCT IS,

DEMAND FOR A COMPANY PRODUCT IS,

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Author: Christine Farr
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 Demand for a company product is, Q=400 - 0.5P and TC =2-,000 +50Q + 3Q^2Total profit is maximized at output of; (Points : 1)a) 750b) 625c) 850d) 75E) none of the aboveQuestion 2. 2. What is the profit maximizing price? (Points : 1)a) 810b) 750c) 650d) 600e) none of the aboveQuestion 3. 3. What will profits be at the profit max output and price; (Points : 1)a) 8000b) 8100c) 9050d) 8125e) none of the aboveQuestion 4. 4. A company sells a product to retail and commercial customers. The inverse demand functions for these markets are; Retail: P1 = 180 - 8Q1 P2 = 100 - 4Q2 Total cost for the company is: TC=5- + 20 (q1 + Q2) 

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