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Suppose the demand and Total Cost for a monopolist’s product is given by P = 100 – 7Q; TC = 20 + 20Q + 2Q2 a. Find the monopolist’s profit maximizing P and Q, and profit. b. Show that the second order condition is satisfied. Show that at equilibrium the slope of the MR curve is less than the slope of the MC curve c. Compute the elasticity of demand at the equilibrium. Briefly explain why demand is elastic? d. Compute the Revenue maximizing Q. What is the P at this Quantity? e. What is the elasticity of demand? Briefly explain why?

Sagot :

ernestowusu

Answer:

When you talking about this

Explanation:

Sussss but among sus hehhehehehehe loool

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