A Firm Faces a Demand Function D(p), for Which the Revenue-Maximizing

question 92

Multiple Choice

A firm faces a demand function D(p) , for which the revenue-maximizing price is $16.The demand function is altered to 2D(p) .What is the new revenue-maximizing price?

• A)$8
• B)$16
• C)$32
• D)There is insufficient information to determine this.
• E)none of the above.

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