Monopoly output and price. X=100-0.5P (Demand function)C=60+40X (cost function)

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Math Econ Lab

Math Econ Lab

Күн бұрын

given demand and cost function of a monopolist as:
X=100-0.5P (Demand function)
C=60+40X (cost function)
Find the level of output and price where Profit is Maximum

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