Problem: Consider a monopolist depicted by the accompanying conditions:
Market interest for monopolist's item: P = 100 - Q
ATC for monopolist: ATC = 20 +(3/10) Q
MC for monopolist: MC = 20 + (3/5)Q
In this inquiry we will utilize the above information to contrast a solitary value monopolist with the same monopolist that is managed either with normal cost direction or minor cost control. Toward the end of the inquiry you will round out a table to analyze your outcomes.
a. Given the above data, what is the benefit expanding cost and amount at the single cost monopolist? You ought to round your responses to the closest entire number. Explain your answers and provides examples.