5.4. Consider a monopoly whose total cost function is TC-Q³-30Q2+302Q, whose consider marginal cost function is MC-3Q²-6
Posted: Sun Jul 03, 2022 1:02 pm
5.4. Consider a monopoly whose total cost function is TC-Q³-30Q2+302Q, whose consider marginal cost function is MC-3Q²-60Q+302, whose demand is P-329-30Q, and whose marginal revenue function MR-329-60Q, where Q is output and P is price. Assume that the firm maximizes profit but cannot practice price discrimination
a) How much does the firm produce? b) How much does the firm charge?
c) How large are the firms profit? 3 of 4
a) How much does the firm produce? b) How much does the firm charge?
c) How large are the firms profit? 3 of 4