Question
Consider a monopoly with the following cost function: C(y) = 5y+9y 2 Suppose that the market has the following inverse demand function: p = 135-4y
Consider a monopoly with the following cost function: C(y) = 5y+9y2
Suppose that the market has the following inverse demand function: p = 135-4y
Calculate the optimal monopolistic output.?
PLEASE GIVE ME ANSWER WITH DETAIL CALCULATION
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Intermediate Microeconomics
Authors: Hal R. Varian
8th edition
393934241, 978-0393934243
