A company is the sole producer of holographic TVs. The daily demand for these TVs is Q=10,200 - 100P, where Q is the quantity demanded and P is the price. The cost of producing the TVs is (note that...


A company is the sole producer of holographic TVs. The daily demand for these TVs is Q=10,200 - 100P, where Q is the quantity demanded and P is the price. The cost of producing the TVs is (note that this implies that marginal cost is equal to Q, MC = Q).




  • What is the company’s total revenue schedule?

  • What is the company’s marginal revenue schedule?



  • What is the profit maximising number of TVs that the company must produce each day? What price should it charge per TV? What is the daily profit?


6. A company is the sole producer of holographic TVs. The daily demand for these TVs is<br>Q=10,200 - 100P, where Q is the quantity demanded and P is the price. The cost of producing<br>Q?<br>the TVs is<br>(note that this implies that marginal cost is equal to Q, MC = Q).<br>2<br>(a) What is the company's total revenue schedule?<br>(b) What is the company's marginal revenue schedule?<br>(c) What is the profit maximising number of TVs that the company must produce each<br>day? What price should it charge per TV? What is the daily profit?<br>

Extracted text: 6. A company is the sole producer of holographic TVs. The daily demand for these TVs is Q=10,200 - 100P, where Q is the quantity demanded and P is the price. The cost of producing Q? the TVs is (note that this implies that marginal cost is equal to Q, MC = Q). 2 (a) What is the company's total revenue schedule? (b) What is the company's marginal revenue schedule? (c) What is the profit maximising number of TVs that the company must produce each day? What price should it charge per TV? What is the daily profit?

Jun 09, 2022
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