Asked by Tom
A monopoly has a total cost function
C = 1000 + 108x + 12x^2
for its product, which has demand function
p = 324 − 3x − 2x^2.
Find the consumer's surplus at the point where the monopoly has maximum profit. (Round your answer to the nearest cent.)
C = 1000 + 108x + 12x^2
for its product, which has demand function
p = 324 − 3x − 2x^2.
Find the consumer's surplus at the point where the monopoly has maximum profit. (Round your answer to the nearest cent.)
Answers
Answered by
Anonymous
656
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.