Question: Please help with this practice question. This is the full question. Suppose that the local hardware store has a monopoly on screwdrivers. The market demand

Please help with this practice question. This is the full question.

Suppose that the local hardware store has a monopoly on screwdrivers. The market demand is given by P = 33 0.25Q and the marginal revenue is MR = 33 0.5Q' The marginal cost of selling screwdrivers is MC =1 + 1.5Q. What is the profit-maximizing price the monopolist should charge for the screwdrivers and how many will they sell? Price: 35 Quantity: screwdrivers

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