A monopolist has the following short-run total cost,marginal cost,and demand functions:
Total Cost: $T C = 32 + 2 Q + \frac { 1 } { 2 } Q ^ { 2 }$
Marginal Cost: $M C = 2 + Q$ Demand: $Q = 52 - 2 P$ where P is the price per unit of output,and Q is the quantity of output.
(
A)What price and quantity combination maximizes the monopolist's total revenue?

Question

A monopolist has the following short-run total cost,marginal cost,and demand functions:
Total Cost:

T C = 32 + 2 Q + \frac { 1 } { 2 } Q ^ { 2 }

Marginal Cost:

M C = 2 + Q

Demand:

Q = 52 - 2 P

where P is the price per unit of output,and Q is the quantity of output.
(
A)What price and quantity combination maximizes the monopolist's total revenue?

Quizplus · Accepted Answer

The Answer of A monopolist has the following short-run total cost,marginal cost,and demand functions: Total Cost: $$T C = 32 + 2 Q + \frac { 1 } { 2 } Q ^ { 2 }$$ Marginal Cost: $M C = 2 + Q$ Demand: $Q = 52 - 2 P$ where P is the price per unit of output,and Q is the quantity of output. ( A)What price and quantity combination maximizes the monopolist's total revenue?

A Monopolist Has the Following Short-Run Total Cost,marginal Cost,and Demand TC=32+2Q+12Q2T C = 32 + 2 Q + \frac { 1 } { 2 } Q ^ { 2 }TC=32+2Q+21​Q2

A Monopolist Has the Following Short-Run Total Cost,marginal Cost,and Demand $T C = 32 + 2 Q + \frac { 1 } { 2 } Q ^ { 2 }$