Question

Scenario: Suppose that the demand is given by: P = 100 – Q Marginal Revenue is...

Scenario: Suppose that the demand is given by:

P = 100 – Q

Marginal Revenue is MR = 100 – 2Q

and  Total Cost function is : TC(Q) = 20Q

Assume the firm is a price-maker (monopolist).

What is the maximum profit?

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Answer #1

P100-2 TR-PO MRE dTR Io0-01 (c0-20 TC = 20 Q MC olTC At MR MC 100- 22 20 g00 22 Q40 1 P too-40 60 Pa-TC 20 (0) 2100-20 11 240

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