For a monopolist's product, the cost function is c=0.006q+40q+8000 and the demand function is p=450-4q. Find the profit-maximizing output. The profit-maximizing output is [ (Round to the nearest whole number as needed.)
For a monopolist's product, the cost function is c=0.006q+40q+8000 and the demand function is p=450-4q. Find the profit-maximizing output. The profit-maximizing output is [ (Round to the nearest whole number as needed.)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![For a monopolist's product, the cost function is c=0.006q+40q+8000 and the demand function is p=450-4q. Find the profit-maximizing output.
The profit-maximizing output is [
(Round to the nearest whole number as needed.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd690b77a-914b-45a8-99f7-468f98dc838d%2Fa929148e-1847-47cc-9b84-df0bb94078a3%2Flbwbnge_processed.jpeg&w=3840&q=75)
Transcribed Image Text:For a monopolist's product, the cost function is c=0.006q+40q+8000 and the demand function is p=450-4q. Find the profit-maximizing output.
The profit-maximizing output is [
(Round to the nearest whole number as needed.)
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