suppose the inverse demand function for a monopolist's production is given by p=270-2.5Q and the total cost function is
Posted: Sun Jul 03, 2022 3:42 pm
suppose the inverse demand function for a monopolist's production is given by p=270-2.5Q and the total cost function is TC=500+30Q+3.5Q^2 so that it’s marginal cost is MC=30+7Q.
Determine the marginal revenue as a function of Q.
determine the profit-maximizing price and quantity.
Determine the maximum profits.
Determine the marginal revenue as a function of Q.
determine the profit-maximizing price and quantity.
Determine the maximum profits.