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Small Mahtab Leghari

Budget: $15

Solved!

A monopolist’s demand curve is MWTP=50-Q. If MC is $10.00 what is the profit maximizing output and price?

Answer

Small Tutor Amanda Afi

MWTP=50-Q ? MR= 50-2Q (twice as steep rule) MR=MC -> 50-2Q=10 ->40=2Q -> Q= 10 un...