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Continue with your analysis of the monopoly cable-television company from Question 3, with demand of Qd = 60 - P/2 (alternatively, you can write the demand equation as Qd = 60 - 0.5P) and MC = 0.5Q + 30.
Please provide detail explanation and graph for above 5 points each separately to understand better.
The contination from early question 3 as mentioned in first line of ques 4 is given below for your reference.
question 3 Suppose a certain city has a monopoly cable-television company. This company has total costs TC = 0.25Q2 + 30Q + 70. (Hint: using calculus, this means MC = 0.5Q + 30 since MC is the derivative of TC with respect to output.)
The demand in the community is approximated by the equation Qd = 60 - P/2 (alternatively, you can write the demand equation as Qd = 60 - 0.5P).
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