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Kalamazoo CompetitionFree Concrete (KCC) is a local monopolist of readymix concrete. lts annual demand function is Q : 12,000 7 400P, where Pis the price,
Kalamazoo CompetitionFree Concrete (KCC) is a local monopolist of readymix concrete. lts annual demand function is Q\" : 12,000 7 400P, where Pis the price, in dollars, ofa cubic yard of concrete and O is the number of cubic yards sold per year. Suppose that Kalamazoo's marginal cost is MC : 20 + 0.0075Q. Instructions: Round your quantity to the nearest whole number and all other answers to 2 decimal places. a. What is its profit-maximizing sales quantity and price? 0: units. p=$ b. What is the deadweight loss due to monopoly pricing? $
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