Consider a monopolist that produces a good at a constant marginal and average co

ID: 1201987 • Letter: C

Question

Consider a monopolist that produces a good at a constant marginal and average cost of 5$. The market demand is given by p=53-Q
A) suppose now that the demand for the monopolist is q=100/p and marginal cost is 2. What is the profit maximizing price and output Consider a monopolist that produces a good at a constant marginal and average cost of 5$. The market demand is given by p=53-Q
A) suppose now that the demand for the monopolist is q=100/p and marginal cost is 2. What is the profit maximizing price and output
A) suppose now that the demand for the monopolist is q=100/p and marginal cost is 2. What is the profit maximizing price and output

Explanation / Answer

in first case MR=MC so Q=24, P=29

in 2nd case R=100 whatever amount of supply be

as the market demand is 24

so it will produce q=24 p=100/24

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Consider a monopolist that produces a good at a constant marginal and average co

Consider a monopolist who face the following market demand curve: Q. 100 - 0.5 p

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Consider a monopolist that produces a good at a constant marginal and average co

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