Math  /  Algebra

QuestionMarket price is p(y)=10yp(y)=10-y. For a monopolist with cost C(y)=4yC(y)=4y, find ymy^m, pmp^m, and πm\pi^m.

Studdy Solution
Calculate πm\pi^{m}.
πm=189=9\pi^{m} =18 -9 =9The monopoly quantity ymy^{m} is3, the monopoly price pmp^{m} is7, and the monopoly profit πm\pi^{m} is9.

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