Suppose that Intel has a monopoly in the market for computer chips. In

order to produce X computer chips, it costs Intel C(X) = 2X2.

(i)Find the marginal cost of producing a computer chip for Intel.

(ii)The demand for computer chips is X =12 0.25P. Find the level of

output that maximizes Intel's profits. What price is Intel charging?

(use equations, graph where ever needed)