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micro economics 1. A monopolist has the total cost function c() = =yz The inverse demand function is given by: p(y) = 200 -2.5y a.

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micro economics

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1. A monopolist has the total cost function c() = =yz The inverse demand function is given by: p(y) = 200 -2.5y a. What are the monopolist's profits? (6 points) b. Graphically depict the monopolist's profits. Label all relevant points and include the inverse demand, marginal revenue, and marginal cost curves in your graph. (8 points)

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