Question: Question 9 10 points Save Answer A monopolist has a total cost curve represented by TC = 50 + 2Q + Q2, and a marginal

Question 9 10 points Save Answer A monopolist has a total cost curve represented by TC = 50 + 2Q + Q2, and a marginal cost curve represented by MC = 2 + 2Q. The monopolist faces the demand curve P = 100 -3Q. Price is in dollars and quantity is in thousands. What is the monopolist's profit? (pick the closest answer) $750,000 O $550,250 O $1,000,600 O $330,330 A Moving to another question will save this response. >Question 10 10 points Saved A monopoly firm maximizes its profit by producing Q = 500 units of output. At that level of output, its marginal revenue is $60, its average revenue is $120, and its average total cost is $52. At Q = 500, the firm's marginal cost is $120 greater than $120. $64 $60

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