Company holds monopoly position. The cost function is TC= 100,000 + 20Q a. What is the marginal cost
Question: Company holds monopoly position. The cost function is
TC= 100,000 + 20Q
a. What is the marginal cost
b. if the price elasticity of demand is -1.5 what is the price?
c. What is the marginal revenue price
Price: $2.99
Solution: The solution consists of 1 page
Solution Format: Word Document
Solution Format: Word Document
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