Question: [Q: 113085462] Consider a monopolist with a total cost function given as C(Q) : 1.5Q2 +4DQ that faces an inverse market demand function P(Q) :
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[Q: 113085462] Consider a monopolist with a total cost function given as C(Q) : 1.5Q2 +4DQ that faces an inverse market demand function P(Q) : 200 1Q Calculate the profit-maximizing quantity. price. and economic profits for this monopolist. Quantity: units. (Round your answer to two decimal places). Price: $ . (Round your answer to two decimal places). Economic profits: :8 . (Round your answer to two decimal places). Now suppose the government imposes a $40 per unit tax on the monopolist. Calculate the profit-maximizing quantity. price. and economic profits for this monopolist. Quantity: units. (Round your answer to two decimal places). Price: $ . (Round your answer to two decimal places). Economic profits: as . (Round your answer to two decimal places)
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