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You are the manager of a monopoly

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4 You are the manager of a monopoly, and your demand and cost functions are given by P = 200 ? 2Q and C(Q) = 2000 + 3Q2, respectively.;A What price-quantity combination maximizes your firm?s profits?;B Calculate the maximum profits;C Is demand elastic, inelastic, or unit elastic at the profit-maximizing price ?quantity combination?;D What price-quantity combination maximizes revenue?;E Calculate the maximum revenues?;F Is demand elastic, inelastic, or init elastic at the revenue-maximizing price-quantity combination?

 

Paper#26892 | Written in 18-Jul-2015

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