A monopolist faces the following demand curve, marginal revenue curve, total cost curve and marginal cost curve for its product: q = 200 - 2p mr = 100 - q tc = 5q mc = 5. what is the total profit earned?

Respuesta :

The total profit that is earned is 4512.5

How to solve for the profit that is earned

100 - q = 0

q = 100

Maximization is where q = 0

MR = mc

100 - q = 5

such that q = 95

Price would be  100 -0.5(95)

= 100 - 47.5

= 52.5

Profit earned would be

= 95*52.5 -5*95

= 4512.5

Read more on profit maximization here: https://brainly.com/question/13464288

#SPJ4