Post a New Question

Economics/Math

posted by on .

The demand curve for a monopolist is Qd = 500 - P and the marginal revenue function is MR = 500 - 2P. The monoploist has a constant marginal and average total cost of $50 per unit.
a. Find the monopolist's profit maximizing output and price
b.Calculate the monopolist's profit.
c.What is the Lerner Index for this industry?

  • Economics/Math - ,

    The demand curve for a monopolist is Qd = 500 - P and the marginal revenue function is MR = 500 - 2P. The monoploist has a constant marginal and average total cost of $50 per unit.
    a. Find the monopolist's profit maximizing output and price
    b.Calculate the monopolist's profit.
    c.What is the Lerner Index for this industry?

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question