Using calculus
and our five-step
method or the
Excel spread sheet I sent you, solve for the following:
1.
Single price
monopolist. P,
Q,
TR, TC, Profit
and elasticity at profit max.
2.
Using two
markets and price segmentation approach, solve for P,
Q,
TR,
TC, profit and
elasticity in each market.
Regardless of
which approach you take, show how you calculated monopoly
demand.
Assume the
following:
TC = 500 +
20Q
Q1
= 60 -
.25P1
Q2
= 100...