For a monopolistโs product, the demand function is ๐ = 72 โ 0.04๐ and the cost
function is ๐ = 500 + 30๐. At what level of output will profit be maximized? At
what price does this occur and what is the profit?
function is ๐ = 500 + 30๐. At what level of output will profit be maximized? At
what price does this occur and what is the profit?