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1. Assume that a monopolist has TC(Q) = 6Q and the market demand is P(Q) = 50 – 20. (a) What is the firms marginal cost? (b)

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Answer #1

TC = A- MC= dlTC) 2 6 d (3) d8 CC1) 2. P SO 2-C TR 2 PO - 2 2 MRd LTR) d aa so d a) - 2. d cg) че SO MR MC Al S0-4 = 6 11 P sDate Paga C. TR Px C 28 x 1U 308 TC -66

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