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:

Select one:

a.

Q^2

b.

400

c.

400+(3/2)(Q^2)

d.

3Q^2

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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 MR (Marginal Revenue) is:

Select one:

a.

(3/2)Q

b.

3Q

c.

90Q

d.

90 - 3Q

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Suppose that you are a monopolist in the market of a specific coffee shop. Your inverse demand curve and cost function are the following:

P = 60- (Q)

TC(Q) = 250+ [Q^2]

The Equilibrium Quantity Q is:

Select one:

a.

60

b.

250

c.

0

d.

15

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Suppose that you are a monopolist in the market of a specific coffee shop. Your inverse demand curve and cost function are the following:

P = 60- (Q)

TC(Q) = 250+ [Q^2]

The Equilibrium Price P is:

Select one:

a.

$250

b.

$60

c.

$45

d.

$40

Clear my choice

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Suppose that you are a monopolist in the market of a specific coffee shop. Your inverse demand curve and cost function are the following:

P = 60- (Q)

TC(Q) = 250+ [Q^2]

Total Profit is:

Select one:

a.

$0

b.

$2,400

c.

$200

d.

$1,200