Question

Short-run demand and total cost functions for a monopoly firm are as under
Demand function : Q = 100 -0.2 P
Price function : P - 500-50
Cost function : TC - 50+ 200+
Where o
- 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
(3) 40
(4) 50
(2) 35
veth​

Answer 1

Short-run demand and total cost functions for a monopoly firm are as under

Demand function : Q = 100 -0.2 P

Price function : P - 500-50

Cost function : TC - 50+ 200+

Where o

- 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

(3) 40

Answer 2

Explanation:

1.20

3.40

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