Table 103 Shows the Demand and Total Cost for Zeta, a a Monopolist

question 35

Essay

Table 10.3 shows the demand and total cost for Zeta, a monopolist. $\begin{array}{l}\text { Table } 10.3\\\begin{array} { c c c } \hline \mathrm { Q } & \mathrm { P } & \mathrm { TC } \\\hline 0 & 23 & 22 \\1 & 21 & 30 \\2 & 19 & 35 \\3 & 17 & 41 \\4 & 15 & 50 \\5 & 13 & 60 \\6 & 11 & 71 \\7 & 9 & 83 \\8 & 7 & 96 \\\hline\end{array}\end{array}$ a) What is the profit maximizing level of output and price?
b) What is value of marginal cost and marginal revenue at profit maximization?

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