Sppose that the demand for bentonite is given by q 40 , Business Economics

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Sppose that the demand for bentonite is given by q 40

Suppose that the demand for bentonite is given by Q = 40 ? 0.5P, where Q is in tons of bentonite per day and P is the price per ton. Bentonite is produced by a monopolist at a constant marginal and average total cost of $10 per ton. How much profit is earned per day if the profit-maximizing quantity of bentonite is sold at the profit-maximizing price?

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Business Economics: Sppose that the demand for bentonite is given by q 40

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Business Economics: Sppose that the demand for bentonite is given by q 40

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