The total cost of a monopolist is TC(Q)=5Q2+9Q+10. Her inverse demand function is P=146-3Q. You are told that her marginal revenue is 2*5Q+9 and and her marginal cost is146-2*3Q. You are also told that the firm will not shut down in the short run. Please find the profit of the monopolist.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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The total cost of a monopolist is TC(Q)=5Q2+9Q+10. Her inverse demand function is P=146-3Q. You are told that her marginal revenue is 2*5Q+9 and and her marginal cost is146-2*3Q. You are also told that the firm will not shut down in the short run. Please find the profit of the monopolist.

 

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Profit = Total Revenue - Total Costs 

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