You are the manager of a monopoly, and your analysts have estimated your demand and cost functions as P = 200 − 2Q and C(Q) = 1,

Question

3 years ago

6

You are the manager of a monopoly, and your analysts have estimated your demand and cost functions as P = 200 − 2Q and C(Q) = 1,

000 + 3Q2, respectively.
a. What price–quantity combination maximizes your firm’s profits?

Instructions: Round your response to the nearest penny (two decimal places).

Price: $

Quantity:

units

b. Calculate the maximum profits.

Instructions: Round your response to the nearest penny (two decimal places).

$

c. Is demand elastic, inelastic, or unit elastic at the profit-maximizing price–quantity combination?

multiple choice 1

Elastic

Unit elastic

Inelastic

d. What price–quantity combination maximizes revenue?

Instructions: Round your response to the nearest penny (two decim

Business

1 answer:

denpristay [2] · Answer 1 · 2022-08-30T16:49:52+03:00

denpristay [2]3 years ago

7 0

The answer is A , correct me if i’m wrong