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A Monopolist Faces a Demand Curve Q = 120 -

question 73

Essay

A monopolist faces a demand curve Q = 120 - 2p and has costs given by C(Q)= 20Q + 100.
a.Write the monopolist's profits in terms of the price it charges.
b.Use the derivative (w.r.t.price)to determine the monopolist's profit-maximizing price.
c.Now,derive the monopolist's inverse demand based on the demand equation above.Write out the monopolist's profits in terms of quantity.
d.Use the derivative w.r.t.Q to determine the monopolist's optimal quantity.What price does the monopoly charge?

Grasp Freud's theory of dreams, including the distinction between manifest content and latent content.
Recognize the use of projective tests in assessing unconscious motives and themes, such as the Rorschach inkblot test and the Thematic Apperception Test.
Differentiate between Freudian and neo-Freudian theories concerning human motivation and personality development.
Identify the role of the unconscious according to different psychological theories, including Freud, Jung, Adler, and Horney.

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