For a monopolist's product, the cost function is c = 0.004q³ +40q+5000 and the demand function is p=450-4q. Find the profit-maximizing output. The profit-maximizing output is. (Round to the nearest whole number as needed.)

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter9: Monopoly
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For a monopolist's product, the cost function is c = 0.004q³ +40q+5000 and the demand function is p = 450-4q. Find
the profit-maximizing output.
The profit-maximizing output is.
(Round to the nearest whole number as needed.)
Transcribed Image Text:For a monopolist's product, the cost function is c = 0.004q³ +40q+5000 and the demand function is p = 450-4q. Find the profit-maximizing output. The profit-maximizing output is. (Round to the nearest whole number as needed.)
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