Formulate the marginal cost function

Reference no: EM131481779

Question: A monopoly faces the marginal cost function MC = 12 + 6q and the demand function p = 150 - 2q

If a per unit tax t is imposed on its output derive reduced form equations for the profit maximizing values of p and q in terms of the tax t and use them to predict these values when t is 5.

Reference no: EM131481779

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