Question
You are a monopolist and your inverse demand curve and cost function area following: P=90-(3Q/2) TC(Q)=400Q+[(Q^3)/2] What is the marginal cost, Marginal Revenue, equilibrium quantity,
You are a monopolist and your inverse demand curve and cost function area 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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Using Econometrics A Practical Guide
Authors: A. H. Studenmund
7th edition
013418274X, 978-0134182742
