Question: Profit max Use the solution to the cost minimization problem to solve the profit maximization problem of this firm, assuming that the firm operates under

Profit max Use the solution to the cost minimization problem to

Profit max

solve the profit maximization problem of this firm, assuming that the firm

Use the solution to the cost minimization problem to solve the profit maximization problem of this firm, assuming that the firm operates under monopoly and the inverse demand function is p = 160- B q MR- MC? a = 160 - B dec . 49 Then do the following: P MC = da A If A = 3, r = 9, w = 36, F = 1200 and B = 1 determine this firm's supply of output q* 32 16 0 . ba 48 20

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