1. Short-run demand and total cost functions for a monopoly tiem are as under
Demand function : Q
100 -0.2 P
Price function : P = 500 - 50
Cost function : TC = 50+20 +02
Where Q
Total quantity of the product in physical units.
P
Price of the product per unit
TC = Total cost
What is the profit maximizing output of the pure monopoly firm?
(1)
20
(2) 35
(3) 40
(4) 50
tiene the pricing above the
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