Question: A single-price monopolist faces a demand function given by: QD=50-10P The firm's revenue function is given by: R=5Q-0.1Q^2 The firm has a marginal cost function

A single-price monopolist faces a demand function given by: QD=50-10P The firm's revenue function is given by: R=5Q-0.1Q^2 The firm has a marginal cost function given by: MC= 1+ 0.2Q

17. Determine the monopolist quantity. ___________________ 10 units

18. Determine the monopolist price. ____________________ $4.00

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