Business, 18.12.2019 21:31 keni97

Suppose a monopolist is characterized as follows:

p = 1200 minus 6q demand curve for the monopolist
c = 8600 + 28q + upper q squared total cost function for the monopolist
mc = 28 + 2q marginal cost function for the monopolist

a. to maximize its profit, the monopolist should produce nothing units of output. (enter your response rounded to two decimal places.)
b. the company's profit -maximizing price is $
c. the monopolist's profit is $

suppose the government imposes a specific tax of $200 per unit on the monopolist. to maximize profit, the monopolist should now produce units of output. when the tax is imposed, the monopolist's profit-maximizing price becomes $ as a result of the tax, the monopolist raises its price by (choose one: more than the tax/the same amount as the tax/less than the tax).

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Suppose a monopolist is characterized as follows:

p = 1200 minus 6q demand curve for t...

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