# 1. A councilmember claims that the air pollution problem in the Los Angeles area could be solved by.

Find marginal revenue for the firms that face the following demand curves: a. Q= 1,000 – 5P b. Q = 100P-2 Suppose a firm faces demand of Q = 300 – 2P and has a total cost curve of TC= 75Q + Q^2 . a. What is the firm's marginal revenue? b. What is the firm's marginal cost? c. Find the firm's profit-maximizing quantity where MR=MC. d. Find the firm's profit-maximizing price and profit 3. Suppose that American Borax is a monopolist and that the worldwide demand for borax is Q = 100 – P, where Q is tons of borax and P is the price per ton. The total cost
View complete question »Find marginal revenue for the firms that face the following demand curves: a. Q= 1,000 – 5P b. Q = 100P-2 Suppose a firm faces demand of Q = 300 – 2P and has a total cost curve of TC= 75Q + Q^2 . a. What is the firm's marginal revenue? b. What is the firm's marginal cost? c. Find the firm's profit-maximizing quantity where MR=MC. d. Find the firm's profit-maximizing price and profit 3. Suppose that American Borax is a monopolist and that the worldwide demand for borax is Q = 100 – P, where Q is tons of borax and P is the price per ton. The total cost function for American Borax is TC= 10Q + 0.5Q^2 . a. Write out the firm's total revenue as a function of Q. b. What is the profit function for American Borax? c. Find the firm's profit-maximizing quantity by applying calculus to the profit function. d. Find American Borax's profit-maximizing price and profit.

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