P= 1200 - 6Q demand curve for the monopolist C= 8600 + 20Q + Q2 total cost function for the monopolist
MC = 20 + 2Q
To maximize its profit, the monopolist should produce ___ units of output. (2 decimal places)
The company's profit-maximizing price is $___ . (2 decimal places)
The monopolist's profit is $___. (2 decimal places)
Suppose the government imposes a specific tax of $100 per unit on the monopolist. To maximize profit, the monopolist should now produce ___ units of output. (2 decimal places.
When the tax is imposed, the monopolist's profit-maximizing price becomes $___. (2 decimal places)
As a rsult of the tax, the monopolist raises its price by (the same amount as the tax/lessa than the tax/more than the tax).