Suppose that the demand equation for a monopolist is P= 100 – 0.01x and the cost function is C(x) = 50x + 10 000 FIND THE VALUE OF X THAT MAXIMIZES THE PROFIT AND DETERMINE THE CORRESPONDING PRICE AND TOTAL PROFIT FOR THIS LEVEL OF PRODUCTION

/in /by

Suppose that the demand equation for a monopolist is

P= 100 – 0.01x

and the cost function is

C(x) = 50x + 10 000

FIND THE VALUE OF X THAT MAXIMIZES THE PROFIT AND DETERMINE THE
CORRESPONDING PRICE AND TOTAL PROFIT FOR THIS LEVEL OF PRODUCTION

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