A monopoly faces the following tr and tc schedules tr 300q, Microeconomics

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A monopoly faces the following tr and tc schedules tr 300q

Question: 1. A monopoly faces the following TR and TC schedules:

TR = 300q - 2q²

TC = 21q³ - 44q² + 60q + 30

What output should it sell to maximize profit?

2. A firm faces the demand function p = 190 - 0.6q and the total cost function TC = 40 + 30q + 0.4q2

(a) What output will maximize profit?

(b) What output will maximize total revenue?

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Microeconomics: A monopoly faces the following tr and tc schedules tr 300q

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Microeconomics: A monopoly faces the following tr and tc schedules tr 300q

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