4.B
Construct an Excel model with solver to solve for the profit
maximizing levels of price and quantity for the profit function, Z
= qp - cf - qcv, where cf = 8000, cv = 6, and the demand function
for the product is q = 2400 - 24p. Illustrate the solution with a
graph of the profit function, showing the profit maximizing price
level.
For an oligopoly as described in the chapter, construct an Excel
model to solve for...