You are given following demand function for rm q 20

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You are given the following demand function for the ?rm: Q = 20 - p. Its total cost function is TC = Q2 + 8Q + 2. Find:

(a)pro?t-maximizing output!

(b)equilibrium price!

(c)elasticity of demand at the equilibrium price!

(d)pro?ts!

Is this ?rm a price-taker or price-searcher? Why?!

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You are given following demand function for rm q 20 - p : you are given the following demand function for the ?rm q 20 - p. its total cost function is tc q2 8q 2.

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