Curse Purge Plus is a monopolist in the curse removal market They face an inverse demand curve given by P=200-4Q, where Q is the number of curse removals they sell. Their cost function is C(Q)=10+8Q. Write down the company’s profit function

Q: Curse Purge Plus is a monopolist in the curse removal market They face an inverse demand curve given…

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A:

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A: Answer -  Dear student Thank you for submitting your question. Since we do not answer multiple…

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A: Below is the given values: Q = 8800 - 20P TC = 20Q - 0.05Q2

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A: p1=100-Q1  ⇒Q1=100-p1 p2=120-3Q2  ⇒3Q2=120-p2  ⇒Q2=40-13p2 C(Q)=12Q2  where Q=Q1+Q2

Q: ) Unlike a perfect competitor, a monopolist faces the market demand curve.

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A: TC = 2500 + 50Q+0.5Q2MC = ∆TC∆QMC = 0.5 + 2(0.5) QMC = 50 + Q.............(equation1)   Q = 50-0.25P…

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A: Given: p = 195 − 0.80x R=px

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A: Given information:

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