a cycle manufacturer produces X cycles per week at a cost of x2/25+3x+100. He is a monopolist and the demand for his market is x=75-3p where p is the price in rupees per cycle. Show thay the maximum net revenue is obtained when about 30 cycles are produced per week. what is the monopoly price
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Expert's answer
2020-05-28T11:12:46-0400
The maximum net revenue is obtained when MR = MC, so:
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