Economics - Calculate the demand and cost function, maximize the profit

Anonymous
timer Asked: Jan 11th, 2014
account_balance_wallet $10

Question Description

You are a manager of a monopoly, and your demand and cost functions are given P=300-3Q and C(Q)=1,500+2Q^2, respectively.

a. What price-quantity combo maximizes your firm's profits? 

b. Calculate the max profits.

Tutor Answer

sagitahm
School: UCLA

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