For a monopolist's product, the cost function is c=0.006q +40q+8000 and the demand function is p=450-4q. Find the profit-maximizing output. The profit-maximizing output is (Round to the nearest whole number as needed.)

Economics For Today
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ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter9: Monopoly
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For a monopolist's product, the cost function is c=0.006q +40q+8000 and the demand function is p=450-4q. Find the profit-maximizing output.
The profit-maximizing output is
(Round to the nearest whole number as needed.)
Transcribed Image Text:For a monopolist's product, the cost function is c=0.006q +40q+8000 and the demand function is p=450-4q. Find the profit-maximizing output. The profit-maximizing output is (Round to the nearest whole number as needed.)
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