Find tr-tc profit and the elasticity at profit max q and p

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Reference no: EM13245882

Assume a monopolist with the following demand and cost relationships.

Q = 400 - 20p

TC = 10 + 5q + q2

Calculate the following:

Profit max price

Profit max quantity

TR, TC, Profit, and the elasticity at profit max q and p.

Reference no: EM13245882

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