Suppose a uniform pricing

Suppose a uniform pricing

Suppose a uniform pricing monopolist?s price equation is P(Q) = 50 ? 0.5Q; the uniform pricing monopolist?s marginal revenue is MR(Q) = 50 ? Q; the uniform pricing monopolist?s total cost is C(Q) = 0.5Q+ 10Q + 75; and the uniform pricing monopolist?s marginal cost is MC(Q) = Q + 10.a. Solve for the profit-maximizing (or loss minimizing) quantity (Q*).b. Solve for the profit-maximizing (or loss minimizing) price (P*).c. The uniform pricing monopolist should produce Q*. Explain why this is correct usingone of the four key questions and solutions.d. The uniform pricing monopolist makes a profit. Explain why this is correct using one ofthe four key questions and solutions.e. How much profit does the uniform pricing monopolist make?There is no solutions manual in our book So I have no clue how right/wrong my answers are. 5 stars=Answers with good explanation/detailed steps. Also don’t worry about the four key questions I have a good understanding of those.

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