A monopoly faces the total revenue schedule TR = - 300q-2q2 and the total cost schedule...

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A monopoly faces the total revenue schedule TR = - 300q-2q2 and the total cost schedule TC = 12q3-44q2-60q + 30 Are there two output levels at which MC = MR? If so, which is the profit-maximizing output? b. If a firm faces the demand schedule p = 120-3q and the total cost schedule TC = 120+36q+1.2q2 what output level will maximize profit? c. Explain why a firm that is a monopoly seller in a market with the demand function q = 167 -2.5p and which faces the total cost schedule TC=220+120q-12q2 +0.5q3 can never make a positive profit. c. What is the maximum profit a firm can make if it faces the demand schedule p=660 - 3q and the total cost schedule TC=25+240g-72q2 +6q3? d. If a firm faces the demand schedule p = 53.5-0.7q what price will maximize profits if its total cost schedule is TC = 400+35q-6q2 +0.193 A monopoly faces the total revenue schedule TR = - 300q-2q2 and the total cost schedule TC = 12q3-44q2-60q + 30 Are there two output levels at which MC = MR? If so, which is the profit-maximizing output? b. If a firm faces the demand schedule p = 120-3q and the total cost schedule TC = 120+36q+1.2q2 what output level will maximize profit? c. Explain why a firm that is a monopoly seller in a market with the demand function q = 167 -2.5p and which faces the total cost schedule TC=220+120q-12q2 +0.5q3 can never make a positive profit. c. What is the maximum profit a firm can make if it faces the demand schedule p=660 - 3q and the total cost schedule TC=25+240g-72q2 +6q3? d. If a firm faces the demand schedule p = 53.5-0.7q what price will maximize profits if its total cost schedule is TC = 400+35q-6q2 +0.193

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a To find the output levels at which MC marginal cost equals MR marginal revenue we need to set the derivatives of the total cost TC and total revenue TR functions equal to each other MC MR dTCdq dTRd... View the full answer