Q.
1

Demand function: Q = 100 – 0.2P                                               Price function: P = 500 – 5Q

Cost function:          TC = 50+20 Q + Q²

Where Q = Total quantity of the product in physical units P = Price of the product per unit

TC = Total cost

What is the profit maximising output of the pure monopoly firm?

  • A

    20

  • B

    35

  • C

    40

  • D

    50