Ask Question
4 December, 21:53

3. The monopolist faces a demand curve given by D (p) = 10p-3. Its cost function is c (y) = 2y. What is its optimal level of output and price?.

+2
Answers (1)
  1. 4 December, 22:14
    0
    -> R (y) = (10y - 3) 2y = 20y² - 6y - > R' (y) = 40y - 6 Optimal level of output when R' (y) = C' (y) - > 40y - 6 = 2 = > 40y = 8 = > y = 8/40 =.2 by using differential calculus w got its optimal level and price
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “3. The monopolist faces a demand curve given by D (p) = 10p-3. Its cost function is c (y) = 2y. What is its optimal level of output and ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers