profit maximizing level of output price total revenue total cost and profit for a monopolist

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Math Econ Lab

Math Econ Lab

Күн бұрын

Given a demand and cost curve of a monopolist as
q=50 - 0.5p
c=50 + 40q
Determine the following
1.The units of q that will maximize profits
2.Price of the product
3.Total cost
4.Total revenue
5.Total profit

Пікірлер: 2
@RachealOluwaseun-ju2gj
@RachealOluwaseun-ju2gj 4 ай бұрын
Thank you for solving it on my request😊
@RachealOluwaseun-ju2gj
@RachealOluwaseun-ju2gj 4 ай бұрын
I understand better now🤗
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