A firm is a monopoly with demand and cost functions given by p = 200 2q

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A firm is a monopoly with demand and cost functions given by p = 200 – 2q and c (q) = 2,000 + 3q2 respectively. Show your computations.

a) Show the equations for MR and MC.

b) Compute the profit maximizing quantity.

c) What is the price at the profit maximizing quantity?

d) Compute total revenue.

e) Compute total cost.

f) What are the profits?

Related Book For answer-question

Microeconomics

ISBN: 978-0134519531

8th edition

Authors: Jeffrey M. Perloff

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Posted Date: Jul 16, 2018 12:51 AM

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A firm is a monopoly with demand and cost functions given by p = 200 2q

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a TR PQ 2002QQ 200Q 2Q2 MR 200 4Q TC 20003Q2 MC 6Q MR M... View the full answer

Microeconomics

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