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Demand function for a monopoly is =27404. The firm's cost curve is ()= 70+40+5 2 . a. What is the profit-maximizing solution? b. What is

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Demand function for a monopoly is =27404. The firm's cost curve is ()= 70+40+5².

a. What is the profit-maximizing solution?

b. What is the firms' maximum profit?

c. What is the revenue-maximizing solution?

d. At what range of price does this firm earn positive profit?

image text in transcribed

2. Demand function for a monopoly is 2 =2740-40. The firm's cost curve is C(Q)= 70+40Q+502. a. What is the profit-maximizing solution? b. What is the firms' maximum profit? c. What is the revenue-maximizing solution? d. At what range of price does this firm earn positive profit? e. If you the monopolist, then what would be the range of prices that you might set

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