1. Consider a monopolist having market demand given by p = 50 - Q, and TC...

Question

Question

1. Consider a monopolist having market demand given by p = 50 - Q, and TC = 60Q - 3/2 x Q^2 which gives MC = 60 - 3Q.

(c) Suppose now that the demand for the monopolist is q = 100/p and marginal cost is 2. What is the profit-maximizing price and output?

Answer 1

Answer #1

Answer 2

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