If the marginal costs are constant and zero for a single price monopolist facing the demand...
If the marginal costs are constant and zero for a single price monopolist facing the demand curve P = 10 - Q, what will profits be if fixed costs are 12?
Homework Answers
P= 10 - Q
TR = PQ = 10Q - Q^2
MR = 10 - 2Q
MR= MC
10-2Q = 0
Q= 5
P= 10-5= 5
Profit = 5*5 - 12= 13
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