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A monopolist's demand function is P = 30 - 0.75Q And his Average Cost (AC) function takes the form AC - 30= 9 + 0.3Q
A monopolist's demand function is
P = 30 - 0.75Q
And his Average Cost (AC) function takes the form
AC - 30= 9 + 0.3Q
(a)Find the Quantity (Q) which gives
(i)Maximum revenue
(ii)Minimum average cost (AC)
(iii)Maximum profits ()
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