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Demand function for a firm is given by P=12 - 0.4Q P is the price of the product, Q is the quantity demanded, and the total cost...

Demand function for a firm is given by
P=12 - 0.4Q
P is the price of the product, Q is the quantity demanded, and the total cost (C) is given by
C = 5 + 4Q + 0.6Q2
At what price and quantity will the firm have maximum profit? If the firm aims at maximizing sales, what
price should it charge?

Answers

Mutiso
demandfunction612850i.png
demandfunction612850ii.png
Mutiso answered the question on December 6, 2018 at 05:53

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