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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
Suppose a monopolist faces the demand function 12−0.1×Q. The corresponding marginal revenue function is 12−0.2×Q. ​ Further, suppose that marginal cost is constant at ​$2
Â
The profit maximizing quantity is ?__
Â
and the profit maximizing price is ​$ ?__ ​(Round your answer to the nearest​penny.)
How did they get 50 and 7
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