Answer to Question #85896 in Microeconomics for Ayanda Lubisi

Question #85896
Lesedi is a producer in a monopoly industry. Her demand curve, total revenue curve, marginal
revenue curve and total cost curve are given as follows:
Q = 160 – 4P TR = 40Q – 0.25(Q x Q) MR = 40 – 0.5Q TC = 4Q MC = 4

How much output will Lesedi produce?
1. 0
2. 22
3. 56
4. 72
1
Expert's answer
2019-03-06T05:35:11-0500
Dear Ayanda Lubisi, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order

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