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] What is the marginal cost, marginal revenue, equilibrium
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]
What is the marginal cost, marginal revenue, equilibrium quantity, equilibrium price and total profit?
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Macroeconomics Principles Applications and Tools
Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez
9th edition
978-0134089027, 134089022, 978-0134420684
