You are the manager of a monopoly, and your demand and cost functions

You are the manager of a monopoly, and your demand and cost functions

WE WRITE ESSAYS FOR STUDENTS

Tell us about your assignment and we will find the best writer for your paper.

Write My Essay For Me

You are the manager of a monopoly, and your demand and cost functions are given by P = 300 – 3Q and C(Q) = 1,500 + 2Q2, respectively.a. What price–quantity combination maximizes your firm’s profits?Price: $[removed]Quantity: [removed]unitsb. Calculate the maximum profits.$[removed]d. What price–quantity combination maximizes revenue?Price: $[removed]Quantity: [removed]unitse. Calculate the maximum revenues.$[removed]A firm sells its product in a perfectly competitive market where other firms charge a price of $90 per unit. The firm’s total costs are C(Q) = 40 + 10Q + 2Q2.a. How much output should the firm produce in the short run?[removed]unitsb. What price should the firm charge in the short run?$[removed]c. What are the firm’s short-run profits?$[removed] 

The post You are the manager of a monopoly, and your demand and cost functions appeared first on Academic Works Help.