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Mathematics, 03.10.2019 03:30 mshepherdmiller

a monopolist faces the demand function p = 140 − 2q, with p denoting the market price and q denoting the quantity demanded.

there is a fixed cost of 200, the total variable cost function is t v c(q) = 1 3q3 − 10q2 + 188q.

(a) obtain an expression for the profit function f(q), defined for q > 0.

(b) determine the derivative of the profit function.

(c) for what value(s) of q the derivative of the profit function equals to zero? explain your answer carefully

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