he demand for your product has been estimated to be Qdx = 7,880 – 4Px – 2Py + Pz – 0. The relevant price and income data are as follows: Px = 10, Py…Using the following Marginal Revenue and Marginal Cost, determine the profit maximizing price and quantity.

Using the following Marginal Revenue and Marginal Cost, determine the profit maximizing price and quantity.

Output                 MC                  MR

0

1                          $30                  $80

2                          $50                  $80

3                          $80                  $80

4                          $120                $80

5                          $170                $80

 
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