1. Karl's Cab Company has a monopoly in Junction City. The demand for taxi services in Junction City is given by Q = 5 (1/6)P. KCC's costs are given by

TC = 14 + 3Q +3Q². Its profit maximizing output is

1. 1. .5
   2. 1.0
   3. 1.5
   4. 2.0
2. Karl's Cab Company has a monopoly in Junction City. The demand for taxi services in Junction City is given by Q = 5 (1/6)P. KCC's costs are given by

TC = 14 + 3Q +3Q². Its maximum profits are

1. $1
2. $5
3. $6.25
4. $21
5. $14

Please show work.