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Derive the firm''s trace function

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Reference no: EM13877117

A monopolist cubic cost function is

TC = 0.08Q3:- 8.2Q2:+ 2000Q + 32000

If the market demand function for the firm's product is
P = 3400 - 4Q

(a) Derive the firm's trace function.

(b) What is the equation of the dislocated demand curve associated with normal profits?

(c) What is the equation of the dislocated demand curve associated with a price of $3,200?

Reference no: EM13877117

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