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posted by  chzhedz on 8/19/2008 10:42:00 PM  |  status: Live  

Math associated with economics

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The market demand curve is QD= 160 - 4P. A monopolist’s total cost curve is TC = 6Q2 + 15Q + 50.

a.     Find the profit-maximizing level of output and price for a monopolist.

b.    Find its average cost at that level of output.

c.     Find its profit at that level of output.
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