Question: 26.A monopolist's demand function is estimated to be Q = 50 - P/6.The monopolist also has marginal cost MC = 120 + 6Q.What price should

26.A monopolist's demand function is estimated to be Q = 50 - P/6.The monopolist also has marginal cost MC = 120 + 6Q.What price should this monopolist charge to maximize profit?Please round to 2 decimals, for example 37.15 or 52.82.

Answer:

27.A monopolist estimates its demand curve as Q = 50 P^-4.The monopolist knows its MC is a constant marginal cost of 75.The monopolist's profit-maximizing price is:Please round to 2 decimals, for example 37.15 or 52.82.

Answer:

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