Suppose the demand curve for a monopolist is q 1000 minus, Business Economics

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Suppose the demand curve for a monopolist is q 1000 minus

Suppose the demand curve for a monopolist is Q = 1000 − P, and the marginal revenue function is MR = 1000 − 2Q. The monopolist has a constant marginal and average total cost of $100 per unit.

(A) Find the monopolist’s profit-maximizing output and price.

(B) Calculate the monopolist’s profit.

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Business Economics: Suppose the demand curve for a monopolist is q 1000 minus

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Business Economics: Suppose the demand curve for a monopolist is q 1000 minus

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