Ayushi Asked a Question
August 12, 2020 8:37 pmpts 30 pts
101. Profit maximization output for a monopolist firm with C= aX? + bX+ d, as cost function and p= B-aX as the demand function (when firm fixes output) will be () X-- (2) x-b- a+a a+a (3) X-P 2a+a) 4) X= 2(a+a) 102. If demand function is p=35-2x-x and the demand x,=3, what will be consumer's surplus? (1) 0 (2) 30 (3) 27 (4) 25
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  • Nidhi taparia Best Answer
    101. The correct answer is (3). Please refer to the image for full solution.
    • cropped8827720744278327921.jpg
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