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
We need to find the total cost function in terms of c=
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!!!!!!