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A monopolist faces the following demand curves -marginal revenue curve, total cost curve and marginal cost curve for its products: QQ = 200 -2P. MR =...
MR = 100 - Q. TC = 50 MC = 5
A) What level of output maximizes total revenue?
B) What is the profit maximizing level of output?
C) What is the profit maximizing price?
D) How much profit doest the monopolist earn?
E) Suppose that a tax of $5 for each unit produced is imposed by e state government, what is the profit maximizing level of output?
F) Suuppose that a tax of $5 for each unit produced is imposed by the state government, what is the profit maximizing price?
G) Suppose a tax of $5 for each unit produced is imposed by the state government, how much profit does the monopolist earn?
