Consider a monopoly whose total cost function is TC=Q 3 -30Q 2 +302Q,Whose consider marginal cost function
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Consider a monopoly whose total cost function is TC=Q3-30Q2+302Q,Whose consider marginal cost function is MC=3Q2 - 60Q+302,Whose demand is P=329-30Q, and whose marginal revenue function MR=329-60Q,Where Q is output and P is price
Assume that the firm maximize profit but cannot practice price discrimination.
a) how much does the firm produce ?
b) how much does the firm charge ?
Related Book For
Managerial economics
ISBN: 978-1118041581
7th edition
Authors: william f. samuelson stephen g. marks
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