Module 14

Suppose market demand is given by P = 100 - Qd monopolists costs are given by TC(Q): 602 marginal cost is ac(Q) MC(Q) = Q aQ total revenue is TR(P(Q), Q) = PQ = (100 - - Q)Q = 1000 - W/ - and marginal revenue is MR(P(Q), Q) = aT R(P(Q), Q) = 100 WIN a