Desperate for help on Monopoly problem
OOT has always been good to me, continue the love baby, continue the love.
Demand curve is P = 200 - Q.
TC = 2400 + 60Q + .50Q^2. What is ATC? (In monopolies, its not simply TC/Q, but thats all I know!)
MC = 60 + Q. What is the MR equation? (200-2P?)
profit maximizing output? what price? what profit will it earn?
SAVE MY GRADE! THANKS!!!
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