Question
Consider a monopolist facing the daily demand curve displayed below. Use the line tool to draw the marginal revenue curve. To refer to the graphing
Consider a monopolist facing the daily demand curve displayed below. Use the line tool to draw the marginal revenue curve.
To refer to the graphing tutorial for this question type, please click here
Suppose that the monopolist's cost function is given by?(?)=4?c(y)=4y, where ?y stands for the amount of output produced daily. The firm's marginal cost equals $_____?
If the monopolist is a profit maximizer, the monopolist will produce and sell _____?? units per day. (Round your answer to two decimals if necessary.
If this is a profit-maximizing monopolist, the price per unit of the product will be $ _____ . (Round your answer to the nearest integer.)
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