How many units of Rogaine will the firm decide to sell?Why?What price will the monopolist charge for each unit? How much profit does he make in total? Include a graph in your answer (it does not need to be to scale, but should be clearly labeled). Needed info in picture below Question #4: Below are the demand and cost schedules for Rogaine (a drug used to treat malebaldness). Assume that the drug company has a monopoly on selling Rogaine.TRMRTC =MCQuantityDemandedMarginalTotalMarginalCostPriceTotalRevenueRevenueCost70100----1656565105260(i)55108335516545114(iv)450200(ii)1239.4522525(iii)126.4024015150157352451681830240-518921925225-15214251020200-2524329

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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How many units of Rogaine will the firm decide to sell?Why?What price will the monopolist charge for each unit? How much profit does he make in total? Include a graph in your answer (it does not need to be to scale, but should be clearly labeled). Needed info in picture below

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