Question 1 (Monopoly pricing and production). Let us focus on the market for one good, which is supplied by only one firm. For each of the following demand Q(P) and total cost C(Q) functions, please respond the following questions: a. Find the marginal revenue (MR) curve. b. Find the monopoly price and quantity. c. Find the monopoly markup (u) over marginal cost (MC) and total monopoly profits Tip 1: Solve the problems using algebraic variables and plug in values as the end. 1. Linear demand and constant MC. Q(P)

it's actually a very difficult task, due to not many people can make 2 million dollars in 2 years. besides that, to the not-so-realistic ideas, you can create a business. it could be practically anything, but make it into a business that isn't that known yet, you get me? also, lets not forget about stock market. that's where all the good stuff happens. use investments at the beginning and begin to raise up your business or whatever you're going to do. as this is a very non-realistic idea, it's still worth the shot!

u = 30

continuing your method

= +

subtract from both sides

= - thus

= -

= ⇒ u = 30

answer/// real gdp decreases to y3 and the price level falls to p3;