The maximum profit price P and quantity q of a monopolist comes where the firm's marginal revenue equals its marginal cost. Marginal revenue is equal to marginal cost when the quantity demanded is equal to 90. We look for the point on the demand curve that corresponds to the quantity demanded 90 to find the price.
The profit-maximizing price would be $16
Winning is money gained, not money lost. Besides, every good thing benefits you - it benefits you. When we talk about winnings, we're talking about moving forward. Businesses need to make a profit or money. Otherwise, you'll have to lay off employees, cut spending, and possibly shut down altogether.
Profit simply means remaining income after deducting expenses. It exists at several levels, depending on the type of cost that is deducted from the revenue. Net profit, also known as net profit, is a single number that represents a particular type of profit. Net income is the famous last line of financial statements.
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