(Answered) 1 uniform pricing monopolistgiven an inverse demand

Economics

1. Uniform Pricing Monopolist

Given an inverse demand function: P = a - bQ; where a = 170, b = 1, and the short-run cost function is C(Q) = eQ + f, where e = 30 and f = 200, if the monopolist is maximizing profit:

Solve for Q*, P*, TR, MR, total cost, MC, profit, price elasticity of demand, consumer surplus and producer surplus.

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Macroeconomics, Economics

Category:- Macroeconomics
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