A monopolist faces the following demand curve and cost function

P= 50-0.5Q TC=2Q+1000

Find the follwing equations

Marginal cost:

Marginal Revenue:

Average total cost:

Graph the following on the same graph

Printable View

- March 24th 2008, 03:41 PMlemonteaDemand curve and cost function question! URGENT:)
A monopolist faces the following demand curve and cost function

P= 50-0.5Q TC=2Q+1000

Find the follwing equations

Marginal cost:

Marginal Revenue:

Average total cost:

Graph the following on the same graph - March 24th 2008, 07:01 PMmathceleb
Marginal cost - Wikipedia, the free encyclopedia

Therefore, MC = DTC/DQ = 2

Marginal Revenue works in a similar fashion, shown here:

Marginal revenue - Wikipedia, the free encyclopedia

Does that get you started? - March 24th 2008, 09:48 PMCaptainBlack