Answer to Question #85897 in Microeconomics for Ayanda Lubisi

Question #85897
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 profit will she make?
1. 0
2. 1 296
3. 1 568
4. None of the above
Expert's answer
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