A monopolist has demand and cost curves given by:
Q_D = 10,000 - 20P
TC = 1,000 + 10Q + .05Q²
a.Find the monopolist's profit-maximizing quantity and price.
b.Find the monopolist's profit.

Question

A monopolist has demand and cost curves given by: Q_D = 10,000 - 20P TC = 1,000 + 10Q + .05Q² a.Find the monopolist's profit-maximizing quantity and price. b.Find the monopolist's profit.

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The Answer of A monopolist has demand and cost curves given by: Q_D = 10,000 - 20P TC = 1,000 + 10Q + .05Q² a.Find the monopolist's profit-maximizing quantity and price. b.Find the monopolist's profit.

A Monopolist Has Demand and Cost Curves Given By