**Question:** If the inverse demand curve a monopoly faces is $ p = 100 - 2Q $, and MC is constant at 16, then the maximum profita. equals $336. b. equals $882. c. equals $1,218. d. cannot be determined solely from the information provided.The handwritten notes show calculations for determining the quantity where profit might be maximized. The equation $ 100 - 4Q = 16 $ is simplified to $ 84 = 4Q $, which further simplifies to $ Q = 21 $.

Question: Sano Points If The Inverse Demand Curve A Monopoly Faces Is P 100 - 2Q,... S pointy If the inverse demand curve a monopoly faces is p 100 - 2Q, and MC is constant at 16, then maximum profit a. cquals $336. b, equals $882. E. equals $1,218. d. cannot be determined solely from the information provided. %3D

Question: Sano Points If The Inverse Demand Curve A Monopoly Faces Is P 100 - 2Q,... S pointy If the inverse demand curve a monopoly faces is p 100 - 2Q, and MC is constant at 16, then maximum profit a. cquals $336. b, equals $882. E. equals $1,218. d. cannot be determined solely from the information provided. %3D

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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