Quantity demanded is not only affected by price but by variables such as income and the prices of other goods

Suppose a monopolist has TC = 100 + 10Q + 2Q2, and the demand curve it faces is p = 90 - 2Q. What will be the price, quantity, and profit for this firm?

What will be an ideal response?

An example of barter is voluntary work at an old-age home

a. True b. False Indicate whether the statement is true or false