Question

A monopolist has a cost function ?? = 2?^3 - 15?^2 + 60?. Is known market...

A monopolist has a cost function ?? = 2?^3 - 15?^2 + 60?. Is known
market demand is ? = 100 - 2?.
a. Determine the company's maximum profit.
b. Use a chart describing the company's maximum profit condition.
c. Explain using graph 4.b economic losses due to monopolies.
d. If the company discriminates in price, use a graph showing profit
the company can increase.
e. Determine how much each is worth if the company discriminates in price (P1 and
P2).

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Answer #1

Please check the equations that you have provided:

Attaching the answer to the first part only, because it seems the equations are incorrect:

A)

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