Question
a monopolist faces the following market demand cure p=200-0.5q, where q is units per year and p is $/unit. Marginal cost is given by MC
a monopolist faces the following market demand cure p=200-0.5q, where q is units per year and p is $/unit. Marginal cost is given by MC - 4Q.
What is the profit-maximizing price and quantity?
What is the price elasticity of demand at this profit maximizing price and quantity?
What is the consumer surplus at this price and quantity?
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Forecasting for Economics and Business
Authors: Gloria Gonzalez Rivera
1st edition
131474936, 978-1315510415, 1315510413, 978-0131474932
