A monopolist has demand and cost curves given by: _ _ QD = 10,000 – 20P TC = 1,000 + 10Q + .05Q2 i. Find the monopolist’s profit-maximizing quantity and price. ii. Find the monopolist’s profit.

/in /by

A monopolist has demand and cost curves given by:

_ _

QD = 10,000 – 20P

TC = 1,000 + 10Q + .05Q2

i.            Find the monopolist’s profit-maximizing
quantity and price.

ii.            Find the monopolist’s profit.

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