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Lesechka [4]
3 years ago
13

A profit-maximizing monopolist has the cost schedule c(y) = 20y. The demand for her product is given by y = 600/p^4, where p is

her price. Suppose that the government tries to get her to increase her output by giving her a subsidy of $15 for every unit that she sells. Giving her the subsidy would make her
answer. decrease her price by $20.

Business
1 answer:
marin [14]3 years ago
8 0

Answer:

Decrease her price by $20

Explanation:

Please see attachment for working notes and explanation

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