Find the price at profit maximizing quantity, Microeconomics

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Find the price at profit maximizing quantity

A firm is a monopoly with demand and cost functions given by P = 200 - 2Q and C(Q) = 2,000 + 3Q2 respectively. Show your computations.

a. Show the equations for MR and MC.

b. Compute the profit maximizing quantity.

c. What is the price at the profit maximizing quantity?

d. Compute total revenue.

e. Compute total cost.

f. What are the profits?

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Microeconomics: Find the price at profit maximizing quantity

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Microeconomics: Find the price at profit maximizing quantity

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Microeconomics: Find the price at profit maximizing quantity

Reference No:- TGS0511301

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