Managerial Economics Homework Help Please?

Posted on 2014-04-21 11:46:00 in Economics by JHAHN1234

How did they come up with Answer A?



Henry's Hosiery has exclusive rights to sell Yves Chevrier lingerie in the United States. The demand for Yves underwear faced by Henry is given by

Q = 250 - 0.5P. Henry's costs are given by TC = 50Q + 5.5Q2. Its maximum monopoly profits are



A. $6,750.

B. $7,050.

C. $7,500.

D. $7,750.

E.$8,750.

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