Calculate the maximum profits

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You are the manager of a monopoly, and your demand and cost functions aregiven by P= 200 - 2Q and C(Q) = 2,000 + 3Q2

a. What price-quantity combination maximizes your firm's profits?

b. Calculate the maximum profits.

c. Is demand elastic, inelastic, or unit elastic at the profit-maximizing

d. What price-quantity combination maximizes revenue?

e. Calculate the maximum revenues.

f. Is demand elastic, inelastic, or unit elastic at the revenue-maximizing

Reference no: EM131069576

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