Consider a monopolist where the market demand curve for the produce is given by P = 520 – 2Q

Consider a monopolist where the market demand curve for the produce is given by P = 520 – 2Q. This monopolist has marginal costs that can be expressed as MC = 100 2Q and total costs that can be expressed as TC = 100Q Q2 50.a. Given the above information what is this monopolist’s profit maximizing price and output if it charges a single price?b. Given the above information calculate this single price monopolist’s profit.c. At the profit maximizing quantity what is this monopolist’s average total cost of production (ATC)?d. At the profit maximizing quantity what is the profit per unit for this single price monopolist?


 

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