Unique Inc. has a secret recipe for making special flavored mooncakes that are very popular. The...

 

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Unique Inc. has a secret recipe for making special flavored mooncakes that are very popular. The demand function for the special mooncakes is: q=4.1-p.q=4.1-p. The cost function for producing them is: c(q)=q22.c(q)=q22. Thus, its profit is pq-c(q).pq-c(q). Since Unique Inc. is the only bakery knowing how to make mooncakes, it monopolizes the market and its supply becomes the aggregate market supply. What is the maximal profit The Unique Inc. can make? Unique Inc. has a secret recipe for making special flavored mooncakes that are very popular. The demand function for the special mooncakes is: q=4.1-p.q=4.1-p. The cost function for producing them is: c(q)=q22.c(q)=q22. Thus, its profit is pq-c(q).pq-c(q). Since Unique Inc. is the only bakery knowing how to make mooncakes, it monopolizes the market and its supply becomes the aggregate market supply. What is the maximal profit The Unique Inc. can make?

Answer rating: 100% (QA)

Answer The demand function is Q 4p So ... View the full answer