Suppose a monopolist faces the demand function 13 minus 0.1 times Upper Q13-0.1×Q.
The corresponding marginal revenue function is 13 minus 0.2 times Upper Q13-0.2×Q.
?Further, suppose that marginal cost is constant at ?$22.
The profit maximizing quantity is nothing ?,
and the profit maximizing price is ?$nothing .
?(Round your answer to the nearest? penny.)
Using the information? above, accurately draw the demand? curve, marginal revenue? curve, and the marginal cost curve on the graph to the right.
?1.) Using the line drawing tool?,
draw and properly label the demand curve.
?2.) Using the line drawing tool?,
draw and properly label the marginal revenue curve.
?3.) Using the line drawing tool?,
Draw and properly label the marginal cost curve.
Carefully follow the instructions? above, and only draw the required objects.