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A monopolist faces the following demand and cost functions Q=152-P TC=4Q^(2)+2Q +250 (A) calculate the profit maximizing output and price of the monopolist. Also calculate
A monopolist faces the following demand and cost functions
Q=152-P
TC=4Q^(2)+2Q +250
(A) calculate the profit maximizing output and price of the monopolist. Also calculate the optimal price
(B) determine the effects on output and price of the monopolist if the monopolist is required to pay a 25% tax on sales revenue.
(C) determine the effects on output and price of the monopolist if the monopolist is required to pay an excise tax(instead of a revenue tax) of $30 per unit of the good produced and sold
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