Suppose the inverse demand function for a monopolist's product is given by P=100-2Q and the cast function is C(Q)=10+2Q. What is the profit-maximizing price of the firm? A. $15 B. $51 C. $41 D. $32 And what is the profit-maximizing quantity of the firm? A. 24.5 B. 18 C. 20.5 D. 16

Micro Economics For Today
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ISBN:9781337613064
Author:Tucker, Irvin B.
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Chapter9: Monopoly
Section: Chapter Questions
Problem 14SQ
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Suppose the inverse demand function for a monopolist's product is given by P=100-2Q and the cast function is
C(Q)=10+2Q. What is the profit-maximizing price of the firm?
A. $15    B. $51     C. $41      D. $32

And what is the profit-maximizing quantity of the firm?
A. 24.5
B. 18
C. 20.5
D. 16

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