What price-quantity combination maximizes the profits

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Reference no: EM13190161

Monopoly manager has the demand and cost functiones as P=200-2Q and C(q)=2000+3Q2
1- calculate the maximum profits?
2- what price-quantity combination maximizes the profits?
3- at the profit-maximizing price-quantity combination, what is the demand elasticity?
4- what price-quantity combination maximizes revenue?
5-calculate the maximum revenues?
6- at the revenue-maximizing price-quantity combination, what is the demand elasticity is it elastic, inelastic or unit elastic?

Reference no: EM13190161

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