For a monopolist's product, the cost function is c = 0.004q³ + 20q + 5000 and the demand function is p = 450 - 4q. Find the profit-maximizing output. The profit-maximizing output is (Round to the nearest whole number as needed.)

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter8: Monopoly
Section: Chapter Questions
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For a monopolist's product, the cost function is c = 0.004q³ + 20q + 5000 and the demand function is p = 450 - 4q.
Find the profit-maximizing output.
The profit-maximizing output is
(Round to the nearest whole number as needed.)
Transcribed Image Text:For a monopolist's product, the cost function is c = 0.004q³ + 20q + 5000 and the demand function is p = 450 - 4q. Find the profit-maximizing output. The profit-maximizing output is (Round to the nearest whole number as needed.)
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