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Suppose a monopolist is facing a demand curve, Q= 0.2(55-P).
a.Derive the monopolist's demand and marginal revenue schedulesfor the values of P= $55 to P= $20 in $5 increments.
b.One the same set of axes, plot the monopolist's demand and marginal revenue curves. Indicate where theprice elasticity of demand is elastic, inelastic and unit elastic.
c.Using the formula relating marginal revenue, price and price elasticity of demand, find theelasticity for P= $40and for P= $20
Write a c program which takes a string from command line with mainfunction has no parameter and convert the string in upperca
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