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  3. a monopolist faces a demand curve of q = 164 â€

A monopolist faces a demand curve of Q = 164 – P, where P is price...

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Question

Economics

A monopolist faces a demand curve of Q = 164 – P, where P isprice and Q is the output produced by the monopolist. What choiceof output will maximize revenue?

Group of answer choices

70

74

82

86

if monopolist produces good X and faces a demand curve X = 112 -2P, where P is price. What is the monopolist's marginal revenue asa function of good X?

Group of answer choices

44 - X

56 - 0.5X

56 - X

44 - 0.5X

Answer & Explanation Solved by verified expert
3.9 Ratings (675 Votes)
The demand function is given as Q 164 P which can also be written as P 164 Q The total revenue can be calculated by multiplying the price with quantity demanded Total Revenue PQ 164Q    See Answer
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