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What is firm a marginal cost curve

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Reference no: EM131163614

Two large firms A and B operate in a market. Firm A  short run cost demand curve is: TC=500,000-1000Q+100Q^2.

The Total demand curve : P=40,000-20.50Q

a) What is firm A Marginal cost curve?

b) Firm A charges same as firm B = $30,000. What is the Marginal Revenue function of firm A.

c) Given b, what is output produced and total profit from firm A (assume they are maximizing profit)

d) If firm A wants to max profit level of production for a monopolist (suppose is the only firm in the market) what is the output they will produce?

e) Given output in part d, what is the price charged as monopolist?

Reference no: EM131163614

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