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Monopolistically competitive firm with a demand of Q = 630 – 3P a total cost function...

Monopolistically competitive firm with

a demand of Q = 630 – 3P

a total cost function of C(Q) = 25,000 + 10Q.

1. What is the profit-maximizing output level

2. What is the profit or loss from producing at the optimal level and charging the optimal price

3. At the optimal price and quantity combination, what is your firm's marginal revenue

4. If your firm's advertising elasticity is 0.02, what is the optimal amount for you to advertise

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Answer #1

note - question 4 have incomplete information .please post the complete information so that I can answer it again.

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