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August 3, 2015

Homework Help: economics

Posted by catherine on Saturday, June 21, 2014 at 12:10pm.

A monopoly firm is faced with the following demand function P = 13 0.5Q The Marginal Cost function for the firm is given by 3 + 4Q and the total fixed cost is 4
Determine
1. The the profit maximizing output
2.The level of supernormal profit if any
3. The output level at the break-even point

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