Question: A monopolist faces the price equation: P = 2,000 - Q, and total cost: C = 100,000 + 200Q + 0.8Q2. MR = 2,000 -

A monopolist faces the price equation: P = 2,000 - Q, and total cost: C = 100,000 + 200Q + 0.8Q2.

MR = 2,000 - 2Q and MC = 200 + 1.6Q

-Determine the price and output thatmaximize total revenue, and the level of profit.

-Determine the price and output thatmaximize profit,and the level of profit.

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