1. The problem statement, all variables and given/known data Problem goes like this: For a monopolist's product, the demand equation is: p=156-2q _ and the average-cost is c(ave)=120+112/q 2. Relevant equations We need to find the total cost function in terms of c= 3. The attempt at a solution I can't seem to figure out how to change the average cost of cost....or maybe it's simple and I'm completely missing it....any help would be greatly appreciated!!!!!!