In box city clear vision inc has a monopoly demand is given, Ask an Expert

Economics

In box city, Clear vision inc has a monopoly; demand is given by P=28-.0008Q; short run total cost=120,000 + .0006Q^2 and MC=.0012Q

A) find clear vision's profit maximizing output and price; also determine profit

B) suppose that box city imposes a specific tax of t=1$ per unit of service. find clear vision's new profit maximizing output, price, and resulting profit

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91677710

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