Price 112 105 91 70 49 28 21 14 7 D 64 128 192 256 320 384 448 512 576 640 Quantity 11MRMC AC 704 768 832 896 960 A mono
Posted: Sun Jul 03, 2022 6:56 am
Price 112 105 91 70 49 28 21 14 7 D 64 128 192 256 320 384 448 512 576 640 Quantity 11MRMC AC 704 768 832 896 960 A monopoly face the following demand, marginal revenue and marginal cost functions Note that in this case MC(Q)= AC(Q) for all Q Calculate consumer surplus if the monopoly charges the (single) profit maximizing price