Revenue" Please respond to the following:
* From the scenario, assuming
Katrina’s Candies is operating in the monopolistically competitive market
structure and faces the following weekly demand and short-run cost functions:
VC = 20Q+0.006665 Q2 with MC=20 + 0.01333Q and FC = $5,000
P = 50-0.01Q and MR = 50-0.02Q
*Where price is in $ and Q is in kilograms. All answers should be
rounded to the nearest whole number.