A monopolist has total cost TC = .1Q2 - 2Q + 100 and marginal cost MC = .2Q - 2 . Market demand is Q = 86 - P, implying that the firm's marginal revenue is MR = 86 - 2Q. Its profit-maximizing output is
a. 92
b. 46
c. 40
d. 20
c
Economics
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If variable x always increases when variable y decreases, x and y are said to be
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The Keynesian theory of business cycle views volatile expectations of future sales and profits as the main source of economic fluctuations
Indicate whether the statement is true or false
Economics