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The monopoly's demand is p(y) = 850-2y. The cost of production is c(y) = 50y. From the MR and MC of these, I got the optimal output of y=200 units and P=$450.
The part I was having trouble with was the following:
"Suppose in addition to the costs provided, the ?rm also has a ?xed cost of $130,000. The ?xed cost is not sunk in the long run.
I know that makes the cost production c(y)=50y+130000, but I don't know what to do with that information.
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