1. Suppose we have a market demand Q = 18 – P and a cost C(q)...

Question

Question

1. Suppose we have a market demand Q = 18 – P and a cost C(q) =*Q2. a. What is the inverse demand? b. What is the competitive

Answer 1

Answer #1

= 18-P (0) - ? -- Q = 18-P P= 18- Iwwerse demand function 6) MR = 18-20 MC = Q (Momoboly At Competitimo equilibrium, MR =MC 1

Answer 2

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