mangerial eco

you are the manager at the cadillac division of GM. If the marketing department has estimated that the annual demand for the escalde is Q=100,000-1.25P what price should you charge in order to maximize revenues from sales?

Total revenue is P*Q. So, TR = 100,000P - 1.25P^2.

Take the first derivitive, set it equal to zero and your done.

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