question archive You are the manager of a monopoly that faces a demand curve described by P = 230 − 20Q
Subject:EconomicsPrice:2.87 Bought7
You are the manager of a monopoly that faces a demand curve described by P = 230 − 20Q. Your costs are C = 5 + 30Q. Your marginal revenue function is given by: MR=230-40Q and your marginal cost is: MC=30. Your firm's maximum profits are:
Select one:
A. 475.
B. 415.
C. 495.
D. 480.
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