Asked by Anonymous
The demand function for a monopoly is given by p= 100+17q-3q² The cost function is p=50q-8q²+q³+10 where q=0, find the output
Answers
Answered by
oobleck
the output depends on the input, which you have not specified.
revenue = demand * price
profit = revenue - cost
revenue = demand * price
profit = revenue - cost
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