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Monopolist Demand and Cost Function

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Let the demand and cost functions of a monopolist be:

P= 100-3q+4√A
C=4q2+10q+A

where P=price, q= quantity, A=advertising

What is the level of q and A that max profit?

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Max profit is assessed.

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Let the demand and cost functions of a monopolist be:

P = 100-3Q+4√A
C = 4Q2 + 10Q + A

Where P=price, Q= quantity, ...

Purchase this Solution
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