Principles of Mathematical Economics II by Shapoor Vali

Principles of Mathematical Economics II by Shapoor Vali

Author:Shapoor Vali
Language: eng
Format: epub
Publisher: Atlantis Press, Paris


(e)What is the equation of the dislocated demand curve associated with a price of $3,200?

9.A monopolist has the following cubic cost function1:

If the market demand function for the firm’s product is

(a)What is the monopolist’s profit-maximizing combination of price and quantity?

(b)What is the firm’s profit?

(c)Derive the firm’s trace function.

(d)What is the equation of the dislocated demand curve associated with normal profits?

(e)What is the equation of the dislocated demand curve associated with a price of $3,200?



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