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4. Suppose that the demand equation for a monopolist's product is p=400-2x and the average cost function is c(x) = 0.2x +4+- 400 , where

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4. Suppose that the demand equation for a monopolist's product is p=400-2x and the average cost function is c(x) = 0.2x +4+- 400 , where x is the number of units, and both X p and c(x) are expressed in dollars per unit. a. Determine the level of output ( i.e. find the value of x ) at which profit is maximized. b. Determine the price at which maximum profit occurs. c. Determine the maximum profit

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