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1. In a small college town, the demand for delivery pizza is given by QD =...

1. In a small college town, the demand for delivery pizza is given by QD = 800 - 32P, where QD is the number of pizza demanded each week. What is the firm's marginal revenue function?

2. In a small college town, the demand for delivery pizza is given by QD = 800 - 32P, where QD is the number of pizza demanded each week. At what Q does MR = 0?

3. In a small college town, the demand for delivery pizza is given by QD = 800 - 32P, where QD is the number of pizza demanded each week. What is the elasticity of demand, ED at the point where MR = 0?

4. Irwin is a monopoly seller of sprockets. The demand for sprockets is Q = 40 - 0.5P, where Q is the quantity of sprockets demanded per day and P is the price. Irwin faces constant MC = ATC of $10. What is the profit maximizing output?

5. Irwin is a monopoly seller of sprockets. The demand for sprockets is Q = 40 - 0.5P, where Q is the quantity of sprockets demanded per day and P is the price. Irwin faces constant MC = ATC of $10. What is the profit maximizing price?

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