February 25, 2017

Homework Help: economics

Posted by dave on Thursday, June 23, 2011 at 3:41pm.

Assume a monopolist with the following demand and cost relationships.

Q = 400 - 20p

TC = 10 + 5q + q2

Calculate the following:

Profit max price

Profit max quantity

TR, TC, Profit, and the elasticity at profit max q and p.

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