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olivefrog892Lv1
28 Sep 2019
17.
Suppose that the demand for bentonite is given by Q = 40 â 0.5P, where Q is in tons of bentonite per day and P is the price per ton. Bentonite is produced by a monopolist at a constant marginal and average total cost of $10 per ton. How much profit is earned per day if the profit-maximizing quantity of bentonite is sold at the profit-maximizing price?
$787.50
$612.50
$600
$175
Suppose that the demand for bentonite is given by Q = 40-0.5P, where Q is in tons of bentonite per day and P is the price per ton. Bentonite is produced by a monopolist at a constant marginal and average total cost of $10 per ton. How much profit is earned per day if the profit-maximizing quantity of bentonite is sold at the profit-maximizing price?
| 17. | Suppose that the demand for bentonite is given by Q = 40 â 0.5P, where Q is in tons of bentonite per day and P is the price per ton. Bentonite is produced by a monopolist at a constant marginal and average total cost of $10 per ton. How much profit is earned per day if the profit-maximizing quantity of bentonite is sold at the profit-maximizing price? | ||||||||
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Suppose that the demand for bentonite is given by Q = 40-0.5P, where Q is in tons of bentonite per day and P is the price per ton. Bentonite is produced by a monopolist at a constant marginal and average total cost of $10 per ton. How much profit is earned per day if the profit-maximizing quantity of bentonite is sold at the profit-maximizing price?
syedazmath1627Lv10
3 Feb 2023
Anne Gillian DueroLv10
28 Sep 2019
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