Question
You are a monopolist and your inverse demand curve and cost function are the following: P= 90 - (3Q/2) TC (Q) = 400Q + {(Q^3)/2}
You are a monopolist and your inverse demand curve and cost function are the following:
P= 90 - (3Q/2)
TC (Q) = 400Q + {(Q^3)/2}
The MC (Marginal Cost) is :
Please show steps
a. 400+(3/2)(Q^2)
b. Q^2
c. 400
d. 3Q^2
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
