Question
You are a monopolist and your inverse demand curve and cost function are the following: P=90-(3Q/s) 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/s)
TC(Q)=400Q+[(Q^3)/2]
What is the marginal cost, marginal revenue, equilibrium quantity, equilibrium price and total profit?
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Microeconomics Principles, Problems and Policies
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
20th edition
978-0077660819, 77660811, 978-1259450242
