The estimated demand, single production and total costs functions for a monopolist are as follows P...

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The estimated demand, single production and total costs functions for a monopolist are as follows P...

The estimated demand, single production and total costs functions for a monopolist are as follows

P = $840 - $0.04Q

TC = $260 + $50Q + $0.02 Q²

Where, Q is output in thousands of units.

a. What is the profit maximising level of activity and price for this company?

b. What is the maximum profit for this company?

business economics

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The estimated demand, single production and total costs functions for a monopolist are as follows P...

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A monopolist has variable costs of VC = q2 and faces a demand curve of P = 24 – q, where P is price and q the quantity sold. If the monopolist sets a single price what is profit (assume there are no fixed costs)?

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The estimated demand, single production and total costs functions for a monopolist are as follows P...