Marginal revenue is given by mr100-15q. calculate the, Ask an Expert

Economics

Important information about profit maximizing quantity

A monopolist has a constant marginal and average cost of $10 and faces a demand curve of Qd=1000-10P. Marginal revenue is given by MR=100-1/5Q. find out the monopolist's profit maximizing quantity, price, and profit.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M927278

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