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Question 10 1 pts Mighty Cleaners, Inc, is a monopolist in the specialised cleaning industry. Its cost is C = 220 - 4Q +
Posted: Wed Apr 27, 2022 11:51 am
by answerhappygod
- Question 10 1 Pts Mighty Cleaners Inc Is A Monopolist In The Specialised Cleaning Industry Its Cost Is C 220 4q 1 (40.08 KiB) Viewed 38 times
Question 10 1 pts 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 Pis 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. • the optimal output (the number of hours of cleaning) is hours. • the optimal price is $ • the profit is