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xmf77

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- Homework Statement
- For a monopolist's product,

the demand equation is

p=30−2q

and the average-cost function is

c=2+40q.

Find the profit-maximizing price.

- Relevant Equations
- Calculus, maximizing, profit, price

I know the formula profit = (price-cost)quantity.

but when ı applied the numbers ı can not substitute them

profit = ((30-2q-2-(40/q))

but don't know what ı need to do ?

would appreciate any help given please.

but when ı applied the numbers ı can not substitute them

profit = ((30-2q-2-(40/q))

but don't know what ı need to do ?

would appreciate any help given please.