Consider the case of a monopolist who charges the same price to all consumers. The demand for the good is given by Q=1077096p-6, where Q denotes the quantity demanded at price p. The firm's total cost of producing Q units is given by the function C(Q) = 6 Q What is the profit maximizing quantity for the monopolist? (As usual, you must enter a number below, not a ratio, not an expression with symbols..., just a number.)

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter25: Monopoly
Section: Chapter Questions
Problem 14E
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Consider the case of a monopolist who charges the same price to all consumers. The demand for the good is given by
Q=1077096p-6, where Q denotes the quantity demanded at price p. The firm's total cost of producing Q units is given by
the function
C(Q) = 6 Q
What is the profit maximizing quantity for the monopolist?
(As usual, you must enter a number below, not a ratio, not an expression with symbols..., just a number.)
Transcribed Image Text:Consider the case of a monopolist who charges the same price to all consumers. The demand for the good is given by Q=1077096p-6, where Q denotes the quantity demanded at price p. The firm's total cost of producing Q units is given by the function C(Q) = 6 Q What is the profit maximizing quantity for the monopolist? (As usual, you must enter a number below, not a ratio, not an expression with symbols..., just a number.)
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