Question: Please help me with this Suppose PG&E operates as a monopoly. Total cost function of PG&E is TC=50,000+QZ. Demand for electricity is given by Q=3000.25P.

Please help me with this Suppose PG&E operates as a monopoly.

Please help me with this

Suppose PG&E operates as a monopoly. Total cost function of PG&E is TC=50,000+QZ. Demand for electricity is given by Q=3000.25P. Q is megawatts of electricity and P is the price per megawatt. 1. Find PG&E's profitmaximizing quantity and price. 2. What are PG&E's maximum profits? 3. Find the deadweight loss {DWL} caused by this monopoly. Hint: To find DWL, you might want to draw MC, MR and demand curves

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