A monopolist faces a demand curve Q = 50P~* and has a constant marginal cost of 75. a. Compute the price elasticity of demand. b. What is the monopolist's optimal markup of price above marginal cost? c. What is the monopolist's profit-maximizing price?

Q: For the Monopolist, Demand is given by, P = 120 - 5Q Total Cost = 480 +20Q What is the profit…

A: Answer: Given, Demand function: P = 120 - 5Q Total cost function: TC = 480 + 20Q The monopolist firm…

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A: Q = 600 - 10P P = 60 - Q/10 TC = 200 + 20Q + 2Q2

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A: Answer to the question is as follows:

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A: Q=20-0.2P  0.2P=20-Q  Dividing both sides by 0.2  P=100-5Q  Now,  TR=P*Q  TR=(100-5Q)*Q…

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A: Hi student, thanks for posting the question. Since each subpart contains multiple calculations, we…

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