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03 Question (2 points) See page 463 Consider a monopolist with the following cost function: c (y) = 40y. 1st attempt See Hint Suppose you

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03 Question (2 points) See page 463 Consider a monopolist with the following cost function: c (y) = 40y. 1st attempt See Hint Suppose you know that the demand is linear, and that the demand is unit elastic when the quantity is 48. You also know that the profit- maximizing monopolist will produce 43 units. Write the equation for the monopolist's marginal revenue: x X. +. log, cos . MR =

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