(adsbygoogle = window.adsbygoogle || []).push({}); 1. The problem statement, all variables and given/known data

A monopolist faces demand y=96-4p and has total costs c=10y.

a) derive the marginal cost and marginal revenue functions.

b) what is the profit-maximizing output and price for this monopolist?

c) Suppose p=10 and MR=5, calculate the elasticit.

Any feedback would be greatly appreciated.

2. Relevant equations

3. The attempt at a solution

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# Homework Help: Calculate the elasticit

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