Amonopolist has the following cubic cost function tc


A monopolist has the following cubic cost function TC = 0.08Q3 - 8.2Q2+ 2000Q + 32000 If the market demand function for the firm's product is P = 3400 - 14Q

What is the monopolist's profit maximizing combination of price and quantity? What is the firm's profit?

Solution Preview :

Prepared by a verified Expert
Microeconomics: Amonopolist has the following cubic cost function tc
Reference No:- TGS01162670

Now Priced at $10 (50% Discount)

Recommended (98%)

Rated (4.3/5)