Purchase Solution

Profit maximizing quantity

Not what you're looking for?

Ask Custom Question

A monopolist has a constant marginal and average cost of $10 and faces a demand curve of Qd=1000-10P. Marginal revenue is given by MR=100-1/5Q. Calculate the monopolist's profit maximizing quantity, price, and profit.

Purchase this Solution

Solution Summary

Profit maximizing quantity is displayed.

Purchase this Solution


Free BrainMass Quizzes
Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.