Business
Business, 01.07.2019 18:10, haley816

He demand a monopoly faces is given by. p 100 β€” q ail z where q is the quantity of output and a is the quantity of advertising. suppose the cost of advertising and output is given by: c(q, a)=ioq + a. (a) (2 points) write the firm's profit function (b) (4 points). derive profit-maximizing conditions that can be used to determine maximizing quantity, price, and level of advertising (do not solve the profit maximizing quantity, price, and level of advertising, just write down the functions)

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He demand a monopoly faces is given by. p 100 β€” q ail z where q is the quantity of output and a is t...

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