Business, 25.06.2019 05:40, kajjumiaialome

Suppose that the demand for bentonite is given by q = 40 − 0.5p, where q is in tons of bentonite per day and p is the price per ton. bentonite is produced by a monopolist at a constant marginal and average total cost of $10 per ton. how much profit is earned per day if the profit-maximizing quantity of bentonite is sold at the profit-maximizing price?

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Suppose that the demand for bentonite is given by q = 40 − 0.5p, where q is in tons of bentonite per...