Re: JNU Questions

Posted by duck on May 16, 2013; 1:23pm
URL: http://discussion-forum.276.s1.nabble.com/JNU-Questions-tp7580796p7580808.html

6) a
TR is always fixed . So, the only way in which monopolist can maximize his profits is by reducing his cost =10q i.e by reducing the quantity And if he produces zero units then, profit will be zero.
Hence,the problem dsn’t have a solution.

5)a
Same reasoning as above.