The demand function for a monopolist's product is p = 100 - 3q,where p is the price per unit (in dollars)for q units.If the average cost
(in dollars)per unit for q units is
= 4 +
,find the output q at which profit is maximized.

Question

The demand function for a monopolist's product is p = 100 - 3q,where p is the price per unit (in dollars)for q units.If the average cost  
(in dollars)per unit for q units is  
= 4 +  
,find the output q at which profit is maximized.

Quizplus · Accepted Answer

The Answer of The demand function for a monopolist's product is p = 100 - 3q,where p is the price per unit (in dollars)for q units.If the average cost  
(in dollars)per unit for q units is  
= 4 +  
,find the output q at which profit is maximized.

The Demand Function for a Monopolist's Product Is P =