Q1. Unique creations hold a monopoly position in the production as well as sales of magno-meters. Cost function facing unique is estimated to be tc=100000+20 if the elasticity of demand as well as for unique is currently 1.5, what cost should unique charge
Q2. Clarify how factors, Clarifying resource demand as well as differs from those determinant product demand.
Q3. Given a demand as well as curve P=60-3Q as well as a cost function C=120+8Q+Q^2
a)what is the profit function
b) Find the levels of output at which the firm breaks even, as well as illustrate
c) Find the levels of output when the profit is 40