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(solution) My Big Banana (MBB) has a monopoly in Middletown on large banana


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?


MONOPOLY

 

Demand Q= 80 ? P

 

Which can be rearranged as P=80-Q

 

TC= 40 +2Q +2Q^2

 

TR=Q*P

 

But P=80-Q

 

Therefore TR= (80-Q)*Q

 

TR=80Q-Q^2

 

MR=. dTR/ .dP= 80-2Q

 

MR=80-2Q. TC= 40 +2Q +2Q^2

 

MC= dTC/ .dQ=...

 


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