Find the profit maximizing and price for the monopolist


A profit maximizing monopolist is facing the demand function:

P = 30 - 6Q (P: 1,000s dollars, Q: 1,000s)

And the cost function:

TC = 14 + 3Q + 3Q2

Find the profit maximizing Q, and price for the monopolist.

Find the maximized profit.

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Find the profit maximizing and price for the monopolist
Reference No:- TGS071282

Expected delivery within 24 Hours