Question: A monopolist has a cost function given by ( ) = 2 c ( y ) = y 2 and faces an inverse demand curve

A monopolist has a cost function given by()=2c(y)=y2 and faces an inverse demand curve given by ()=300.00P(y)=300.00y, where Pis the per-unit price and yis the quantity of output sold. Assume this monopolist cannot discriminate and charges a single price.
What is the profit-maximizing level of output?
What is its profit-maximizing price?
Assume you want to choose a price ceiling for this monopolist so as to maximize total surplus (consumer surplus + producer surplus).
What price ceiling level should you choose?$
What quantity would be produced at this price ceiling?Suppose that you put a tax on the monopolist of $20 per unit of output. What is its profit-maximizing level of output now?

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