You are the manager of a monopoly, and your analysts have estimated your demand and cost functions as P = 300 − 3Q and C(Q) = 1,500 + 2Q2, respectively. A. What price-quantity combination maximizes revenue? Price:  Quantity:  B. Calculate the maximum revenues. $

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Chapter1: Making Economics Decisions
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(Problem 8-4) You are the manager of a monopoly, and your analysts have estimated your demand and cost functions as P = 300 − 3Q and C(Q) = 1,500 + 2Q2, respectively.

A. What price-quantity combination maximizes revenue?

Price: 

Quantity: 

B. Calculate the maximum revenues.

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