Assume quantities need not be integers. A monopolist incurs marginal cost equals to MC=Q per unit and faces demand P(Q) = 19 - Q. If there is no fixed cost for production, what is the total cost of production?

Assume quantities need not be integers. A monopolist incurs marginal cost equals to MC=Q per unit and faces demand P(Q) = 19 - Q. If there is no fixed cost for production, what is the total cost of production?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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