My Big Banana (MBB) has a monopoly in Middletown on large banana splits.
The demand for this delicacy is given by Q = 80 - P. MBB?s costs are given by
TC = 40 + 2Q + 2Q2. What is the maximum monopoly profit?
Demand Q= 80 ? P
Which can be rearranged as P=80-Q
TC= 40 +2Q +2Q^2
Therefore TR= (80-Q)*Q
MR=. dTR/ .dP= 80-2Q
MR=80-2Q. TC= 40 +2Q +2Q^2
MC= dTC/ .dQ=...
This question was answered on: Jan 30, 2021
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Jan 30, 2021EXPERT
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