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Category > Economics Posted 12 Jul 2017 My Price 4.00

The profit maximizing quantity

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

 

The profit maximizing quantity is ?__

 

and the profit maximizing price is ​$ ?__ ​(Round your answer to the nearest​penny.)

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Status NEW Posted 12 Jul 2017 03:07 AM My Price 4.00

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