Mighty Cleaners, Inc, is a monopolist in the specialised cleaning industry. Its cost is C = 220 - 4Q + Q2 and demand is

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answerhappygod
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Mighty Cleaners, Inc, is a monopolist in the specialised cleaning industry. Its cost is C = 220 - 4Q + Q2 and demand is

Post by answerhappygod »

Mighty Cleaners, Inc, is a monopolist in the specialised
cleaning industry. Its cost is C = 220 - 4Q + Q2
and demand is P = 180 – 3Q, where Q is the number of hours of
cleaning they provide and P is the price per hour of cleaning they
charge. Find the optimal price P and output Q. What would be its
profit?
Please round your final answers to two decimal places, if
necessary. For example, type in 12.5 for quantity, 2.34 for price
and 300.78 for profit.
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