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If a monopolist faces a constant-elasticity demand curve given by Q = 400P−2 and has totalcosts given by TC = 0.625Q2, its profit-maximizing level of output is: 4

If a monopolist faces a constant-elasticity demand curve given by Q = 400P−2 and has totalcosts given by TC = 0.625Q2, its profit-maximizing level of output is: 4
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If a monopolist faces a constant-elasticity demand curve given by Q = 400P−2 and has totalcosts given by TC = 0.625Q2, its profit-maximizing level of output is: 4

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User Vasiliy Kevroletin
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the monopolist's profit-maximizing level of output is Q = (3/5) P = (3/5)($4) = 2.4 units.
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User Geofrey
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