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12 Jun 2021
For a monopolist firm the demand and the total cost functions are given as Q = 20-0.5P and TC= 4Q2-8Q+15, respectively.
Find
- a) the optimum quantity and the optimum price level
- b) the profit/loss on these levels
- c) at what price should the monopolist shut down?
d) Show the economic profit (loss) of the firm in a graphic representation
For a monopolist firm the demand and the total cost functions are given as Q = 20-0.5P and TC= 4Q2-8Q+15, respectively.
Find
- a) the optimum quantity and the optimum price level
- b) the profit/loss on these levels
- c) at what price should the monopolist shut down?
d) Show the economic profit (loss) of the firm in a graphic representation
Liked by copperlocust907 and 2 others
Liked by copperlocust907 and 2 others
jadefrog497Lv1
12 Jun 2021
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