Assume a monopolist with the following:
a. Qd = 100 – 10p
b. TC = 1 + 2Q
Find the following:
Price at profit max
Quantity at profit max
TR at profit max
TC at profit max
Profit
a. Qd = 100 – 10p
b. TC = 1 + 2Q
Find the following:
Price at profit max
Quantity at profit max
TR at profit max
TC at profit max
Profit