Asked by dave
Assume a monopolist with the following demand and cost relationships.
Q = 400 - 20p
TC = 10 + 5q + q2
Calculate the following:
Profit max price
Profit max quantity
TR, TC, Profit, and the elasticity at profit max q and p.
Q = 400 - 20p
TC = 10 + 5q + q2
Calculate the following:
Profit max price
Profit max quantity
TR, TC, Profit, and the elasticity at profit max q and p.
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