# Monopolist's demand function

30) A monopolist's Demand function is P = 1624 - 4Q, and its Total Cost function is

TC = 22,000 + 24Q -4Q2 + ⅓Q3, where Q is output produced and sold.

At what price (P) should the monopolist shut down?

https://brainmass.com/economics/output-and-costs/monopolists-demand-function-140781

#### Solution Preview

There are two type of decisions depending upon the time span. In short run, since monopolist cannot avoid the fixed costs, Monopolist should shut down only when the P < AVC

Solve for P=VC

VC is the variable part of ...

#### Solution Summary

Monopolist's demand function is assessed.

$2.19