Use for questions 4 -6: The Coolidge Corporation is the only producer of a particular type of laser (i.e., a monopoly market). The demand and marginal for its product are revenue curves QD 8,300-2.1P P 3952.381 -0.4762QD MR 3952.381 -0.9524 Qp Demand curve Inverse Demand or Price Curve Marginal Revenue Curve and its total cost function is TC 2,200 480Q+2002 МС %3 480 + 400 where P is price (in dollars), TC is total cost (in dollars), and Q is monthly output To maximize profit, how many lasers should the firm produce and sell per month? а. Q 85.8 b.Q 157 C. Q =10.5 d. Q84.8

Use for questions 4 -6: The Coolidge Corporation is the only producer of a particular type of laser (i.e., a monopoly market). The demand and marginal for its product are revenue curves QD 8,300-2.1P P 3952.381 -0.4762QD MR 3952.381 -0.9524 Qp Demand curve Inverse Demand or Price Curve Marginal Revenue Curve and its total cost function is TC 2,200 480Q+2002 МС %3 480 + 400 where P is price (in dollars), TC is total cost (in dollars), and Q is monthly output To maximize profit, how many lasers should the firm produce and sell per month? а. Q 85.8 b.Q 157 C. Q =10.5 d. Q84.8

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter11: Price And Output Determination: Monopoly And Dominant Firms

Section: Chapter Questions

Problem 4E

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