You are the CEO of Comchip,a monopoly that sells specialized computers.Each of the firm's computers contains a unique chip that is produced at Comchip's West Coast plant at a cost of C_w(Q_c)= Q_c².Once produced,the chips are shipped exclusively to the firm's East Coast plant.There,the computers are assembled,boxed,and shipped to the market at a cost of C_e(Q)= 200Q.An economic consultant recently estimated the demand for Comchip's computers and found it to be P = 5,000 - Q.Determine Comchip's optimal output and price for computers,and explain how it can induce plant managers to produce the required number of chips and computers.

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The Answer of You are the CEO of Comchip,a monopoly that sells specialized computers.Each of the firm's computers contains a unique chip that is produced at Comchip's West Coast plant at a cost of C_w(Q_c)= Q_c².Once produced,the chips are shipped exclusively to the firm's East Coast plant.There,the computers are assembled,boxed,and shipped to the market at a cost of C_e(Q)= 200Q.An economic consultant recently estimated the demand for Comchip's computers and found it to be P = 5,000 - Q.Determine Comchip's optimal output and price for computers,and explain how it can induce plant managers to produce the required number of chips and computers.

You Are the CEO of Comchip,a Monopoly That Sells Specialized