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December 7th, 2010, 07:16 PM   #1
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A monopolist (company A) has the following cost & revenue

Last question that stumped me I promise:

Q TC Price
0 100 170
1 140 160
2 184 150
3 230 140
4 280 130
5 335 120
6 394 110
7 475 100
8 575 90

What is the maximum profit A could earn?
What is fixed cost for A when they are maximizing their profits?
What price should A charge if their goal is to maximize profits?
What is the profit maximizing quantity of output for A?
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December 8th, 2010, 01:35 PM   #2
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Re: A monopolist (company A) has the following cost & revenu

It would help if you defined your terms. Q, TC?
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December 8th, 2010, 03:15 PM   #3
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Re: A monopolist (company A) has the following cost & revenu

Quote:
Originally Posted by mathman
It would help if you defined your terms. Q, TC?
Presumably quantity and total cost.
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