consider a monopolist with a total cost of TC 32+1/2Q 2 and a marginal cost of Q, MCQ. the market demand curve is given by p = 30-Q. 1) derive the marginal revenue curve 2) find the monopoly price and quantity 3) sketch the monopolist market and shade the region of profit on the graph. 4) find the numerical value of the monopolists profit.
consider a monopolist with a total cost of TC 32+1/2Q 2 and a marginal cost of Q, MCQ. the market demand curve is given by p = 30-Q. 1) derive the marginal revenue curve 2) find the monopoly price and quantity 3) sketch the monopolist market and shade the region of profit on the graph. 4) find the numerical value of the monopolists profit.
Chapter8: Monopoly
Section: Chapter Questions
Problem 5SQ
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Transcribed Image Text:consider a monopolist with a total cost of TC 32+1/2Q 2 and a marginal cost of Q, MCQ. the market demand
curve is given by p = 30-Q. 1) derive the marginal revenue curve 2) find the monopoly price and quantity 3) sketch the
monopolist market and shade the region of profit on the graph. 4) find the numerical value of the monopolists profit.
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