Calculate profit-maximizing price and output level, Microeconomics

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Calculate profit-maximizing price and output level

A particular monopolist has a demand curve and cost function for its product estimated to be P = 250 - 0.15Q and TC = $25,000 + $10Q. Calculate the profit-maximizing price and output level for this monopolist.

a. Q = 1600 and P = $10

b. Q = 800 and P = $130

c. Q = 833 and P = $130

d. Q = 2500 and P = $10

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Microeconomics: Calculate profit-maximizing price and output level

Reference No:- TGS064908

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Net welfare loss from imposing a quota

Q : What would prices be if set one price for chicken

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Ask an Expert for Answer!!

Microeconomics: Calculate profit-maximizing price and output level

Reference No:- TGS064908

Recent Questions Asked Microeconomics

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