Monopoly in order to maximize the profit
Monopoly faces a demand function of Q = 100 - 20p. Its short-run cost function is C = 120 + 0.2Q2. What will be the quantity that this monopoly produces in order to maximize its profit?
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The Linear trend forecasting equation for an annual time series containing 40 observations (from 1971 to 2010) on a stock is Y = 1.2+ 0.5t. What is the predicted stock value for the year 2012?
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