Assume a startup health care company faces the following weekly demand and short-run cost functions:*Where price is in $ and Q is the number of patients per week. All answers should be rounded to the nearest whole number.

Assume a startup health care company faces the following weekly demand and short-run cost functions:*Where price is in $ and Q is the number of patients per week. All answers should be rounded to the nearest whole number.

VC = 20Q + 0.015Q2 with MC=20 + 0.03Q and FC = $12,000

P = 75 – 0.04Q and MR = 75 – 0.08Q

*Where price is in $ and Q is the number of patients per week. All answers should be rounded to the nearest whole number.

• Algebraically, determine what price the company should charge in order for the company to maximize profit in the short run. Determine the quantity that would be produced at this price and the maximum profit possible.

Here’s a link to the scenario:

https://blackboard.strayer.edu/bbcswebdav/

Explanation & Answer

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Order Now and we will direct you to our Order Page at Litessays. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.