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Monopolist Profit Maximizing Calculations:
Still having some problems understanding how to calculate these economics equations. I haven't taken calculus yet, so some of the concepts seem foreign to me here. But I'm not just looking for an answer, but the steps on how the answer was arrived. I know at least for the first part, I'll need to find the TR (total revenue) by multiplying price times quantity and then find the MC (marginal cost) and MR (marginal revenue) and solve for Q. But the thing that's throwing me is finding the derivatives with respect to price (dTC/dQ) - I never arrive at the right answer. Please help!
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