To maximize its profit the monopolist should produce units


Suppose a monopolist is characterized as? follows:

P? = 1200-6Q           Curve for the monopolist

C? = 8600? +32Q? + Q^2     total cost function for the monopolist

MC ? =32 ?+ 2Q         marginal cost function for the monopolist

A. To maximize its? profit, the monopolist should produce ________ units of output. ?(Enter your response rounded to two decimal? places.)

B. The? company's profit-maximizing price is ?$________. ?(Enter your response rounded to two decimal? places.)

C. The? monopolist's profit is ?$________. ?(Enter your response rounded to two decimal? places.)

D. Suppose the government imposes a specific tax of ?$100 per unit on the monopolist. To maximize? profit, the monopolist should now produce________- units of output. ?(Enter your response rounded to two decimal? places.)

E. When the tax is? imposed, the? monopolist's profit-maximizing price becomes ?$_______. ?(Enter your response rounded to two decimal?places.)

F. As a result of the? tax, the monopolist raises its price by ___________

A. less than the amount of the tax

B. more than the amount of the tax

C. the same amount as the tax

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Business Management: To maximize its profit the monopolist should produce units
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