Question: A Monopolist demand function is P = 30 - 0.75Q and his AC takes the form AC- 30/Q = 9 + 0.3Q, find Q which
A Monopolist demand function is P = 30 - 0.75Q and his AC takes the form AC- 30/Q = 9 + 0.3Q, find Q which gives (i) Maximum Revenue, (ii) Minimum Average Cost and (iii) Maximum Profit, where P and Q are the price and quantity.
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