Business, 21.04.2020 18:27 zakiyacarlton

Ajax Cleaning Products is a medium sized firm operating in an industry dominated by one large firm- Tile King. Ajax produces a multiheaded tunnel wall scrubber that is similar to a model produced by Tile King. Ajax decides to charge the same price as Tile King to avoid the possibility of a price war. The price charged by Tile King is $20,000. Ajax has the following short run cost curve: TC=800,000- 5,000Q + 100Q^2

a. compute the marginal cost curve for Ajax.
b. given Ajax's pricing strategy, what is the marginal revenue function for Ajax?

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