3. Assume a firm is facing the market demand curve: q function is: c(q) = 2q². a. What is the firm's marginal revenue? b. What is the firm's marginal cost? c. What is the output level "q" when the firm is maximizing its profit? d. What is the firm's maximum profit? 100-2p, its total cost %3D

3. Assume a firm is facing the market demand curve: q function is: c(q) = 2q². a. What is the firm's marginal revenue? b. What is the firm's marginal cost? c. What is the output level "q" when the firm is maximizing its profit? d. What is the firm's maximum profit? 100-2p, its total cost %3D

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter23: Monopoly

Section: Chapter Questions

Problem 14QP

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I need answers of B, C, D. Thanks

3. Assume a firm is facing the market demand curve: q = 100-2p, its total cost
function is: c(q) = 2q?.
a. What is the firm's marginal revenue?
b. What is the firm's marginal cost?
c. What is the output level "q" when the firm is maximizing its profit?
d. What is the firm's maximum profit?

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