(Answered) The monopolist producer of good x has a patent of the good

Economics

The (monopolist) producer of good X has a patent of the good. The government has not regulated the sale of good X. Demand for good X can be described by P= 800 - 5Q. There is a fixed cost of $9360. The marginal cost of production is $2 per unit.

How many units do they sell?
What price do they charge?
What is the average cost per unit?
What is their total profit?

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Business Economics, Economics

Category:- Business Economics
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