Asked by Evaristi Paulo

The monopolist faces a demand curve given by D(p) =10p^-3 Its cost
function is c(y) = 2y. What is its optimal level of output and price?

Answers

Answered by Evaristi Paulo
The monopolist faces a demand curve given by D(p) = 200 - p ,Its cost
function is c(y) = 2y. What is its optimal level of output and price?
Answered by Bot
The monopolist's optimal level of output is y* = 5 and the optimal price is p* = 2.

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