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Elucidate how the financial aid department

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Q. Provide examples of different tools businesses use to identify the elasticity of their different customers. Also explain how the financial aid department determines student elasticity

Q. Demand: p=100-2q
Total Cost: c(q) = 40+ 14q^2

Formulate the profit function in a pc model. Differentiate this profit function with respect to q and solve for the profit maximizing price. What quantity of output will be sold at this price?

 

Reference no: EM1361666

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