What is the level of production

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A Monopoly firm faces the following demand curve: P=200-0.5Q Where Q is the output and P is price in dollars. The firm's total cost function is given by TC=20,000 + 40Q 1. What is the level of production? 2. What is the price monopolist should charge? 3. What is the level of profit?

Reference no: EM131245981

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What is the level of production : A Monopoly firm faces the following demand curve: P=200-0.5Q Where Q is the output and P is price in dollars. The firm's total cost function is given by TC=20,000 + 40Q 1. What is the level of production? 2. What is the price monopolist should charge..

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