Business, 19.05.2020 20:02 Adones7621

Use the following to answer the next 3 questions Janet has estimated the demand and marginal revenue (MR) for her product. Her demand is given by P = 100 – 2Q and her MR = 100 – 4Q. Her business has a constant marginal cost (MC) = 16 (=AC). 29) Janet’s firm has market power a. True b. False 30) Janet’s profit maximizing output and price is (Q, P) = a. (21, $58) b. (12, $85) c. (42, $16) d. (23, $60) e. none of the above 31) Janet’s total profit is a. $828 b. $882 c. 1012 d. 945 e. none of the abov

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