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jnu 2010 qsn

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siddharth
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jnu 2010 qsn

siddharth
A monopolist has a demand curve with constant price elasticity with absolute value 4. The monopolist charges a price of 60 per unit of output. What is mc at this level of output?
mayank jain
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Re: jnu 2010 qsn

mayank jain
MC = 45 because p(1-(1/e)) = MC for profit maximization
Amit Goyal
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Re: jnu 2010 qsn

Amit Goyal
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siddharth
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Re: jnu 2010 qsn

siddharth
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Tnx...:)
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