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may you kindly help with the following question Paragraph Styles Question 1 The monopolist firm average revenue is P = Where: Q is the quantity

may you kindly help with the following question

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Paragraph Styles Question 1 The monopolist firm average revenue is P = Where: Q is the quantity and P is the price of the product. The production function of this monopolist firm is Q = 3610.517/2 where K and L are inputs and the cost of inputs are Py = 12 and PK = 3/4 Find a) Profit maximizing input mix (15) b) Profit maximizing output c) Maximum profit Question 2 Given the demand equation: P = 80-20D and supply equation =10+ 20s Calculate i.) Consumer surplus ii.) Producer surplus

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