# demand and total cost functions

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If the demand, and total cost functions are:

P = 28 - 0.0008Q

TC = 120,000 + 0.0006Q2

a. How many subscribers would be expected if Company A was allowed to operate completely unregulated?

b. How many subscribers would be expected if Company A acted like a perfect competitor?

c. How many subscribers would be expected if the government did not allow Company A to charge more than $18 for price?

d. What is the profit if Company A is allowed to operate completely unregulated?

e. What would be the deadweight loss if Company A acted like a perfect competitor?

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#### Solution Summary

This job reiterates demand and total cost functions.

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