How do I do this in Excel?

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Product: Vacuum cleaners

Market Structure: Monopolistic

Cost Function: TC = 1500 + 20Q + 0.02Q2. 

Demand Function: Q = 5000 – 25P

Q is the number of vacuum cleaners per year

P is in dollars

Need to know: The profit-maximizing price and output levels? Explain them and calculate algebraically for equilibrium P (price) and Q (output). Plot the MC (marginal cost), D (demand), and MR (marginal revenue) curves graphically and illustrate the equilibrium point.

Apr 10th, 2015

cost function.xlsx

sorry I could not do it.........................................................

Apr 10th, 2015

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