consider a monopolist with a total cost of TC 32+1/2Q 2 and a marginal cost of Q, MCQ. the market demand curve is given by p = 30-Q. 1) derive the marginal revenue curve 2) find the monopoly price and quantity 3) sketch the monopolist market and shade the region of profit on the graph. 4) find the numerical value of the monopolists profit.
consider a monopolist with a total cost of TC 32+1/2Q 2 and a marginal cost of Q, MCQ. the market demand curve is given by p = 30-Q. 1) derive the marginal revenue curve 2) find the monopoly price and quantity 3) sketch the monopolist market and shade the region of profit on the graph. 4) find the numerical value of the monopolists profit.
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter14: Indirect Price Discrimination
Section: Chapter Questions
Problem 5MC
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