What is the profit-maximizing price and output

Reference no: EM13692381

You are the manager of a monopoly and your demand and cost functions are given by P=300-3Q,C(Q)=1,500+2Q^2, respectively.

What is the profit-maximizing price and output?

Calculate the maximum profits.

Is demand elastic, inelastic or unit elastic at the profit-maximizing price-quantity combination?

Reference no: EM13692381

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