Question: A monopolist's demand function is P = 30 - 0.75Q And his Average Cost (AC) function takes the form AC - 30= 9 + 0.3Q

A monopolist's demand function is

P = 30 - 0.75Q

And his Average Cost (AC) function takes the form

AC - 30= 9 + 0.3Q

(a)Find the Quantity (Q) which gives

(i)Maximum revenue

(ii)Minimum average cost (AC)

(iii)Maximum profits ()

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