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Quantity demanded Price 0 75 5 70 10 65 15 60 20 55 25 50 30 45 35 40 40 35 45 30 50 25
Quantity demanded | Price |
0 | 75 |
5 | 70 |
10 | 65 |
15 | 60 |
20 | 55 |
25 | 50 |
30 | 45 |
35 | 40 |
40 | 35 |
45 | 30 |
50 | 25 |
Quantity produced | Total cost |
0 | 275 |
5 | 400 |
10 | 475 |
15 | 525 |
20 | 575 |
25 | 650 |
30 | 750 |
35 | 875 |
40 | 1025 |
45 | 1200 |
50 | 1400 |
Assuming that this firm is a monopoly, find the optimal quantity to produce.
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