A monopolist faces the demand curve q 60-p2 the cost
A monopolist faces the demand curve Q = 60-P/2. The cost function is C=Q2. Find the output that maximises this monopolist’s profits. What are the prices at profits and that output? Find the elasticity of demand at the profit maximising output.
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By how much would the value of the company increase if it accepted the better machine? Round your answer to the nearest cent.
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