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Let the demand function and the total cost equation for a Monopolist be the following: P=5000 - 4.5Q TC: 3Q3- 234Q2+ 5450:: + 76250 Find
Let the demand function and the total cost equation for a Monopolist be the following: P=5000 - 4.5Q TC: 3Q3- 234Q2+ 5450:: + 76250 Find the following answers: 1. Marginal Revenue Equation: MR: 2. Marginal Cost Equation: MC: 3. How much should this company produce? Q: 4. What price will it charge for its product? P: 5. What will its Revenue be? F2: 6. What will its total costs be? TC: '7. What will its average costs per product be at the optimal level of production? ATE: 8. What will its profits be : Graph your results 3, 4, 7, 8. Don 't forget to name your axes and label graphs {Demand , MR, MC,ATC} Take a picture ofyour procedures and graph and atach them here
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