1. The inverse demand function for a monopolist's product is given by P=21-2Q. What is the maximum price per unit a monopolist can charge to be able to sell 6 units? What is marginal revenue when Q=6?...

1. The inverse demand function for a monopolist's product is given by P=21-2Q. What is the maximum price per unit a monopolist can charge to be able to sell 6 units? What is marginal revenue when Q=6?

Show your solution

2. Suppose the inverse demand function for a Meralco's service is given by P= 83 -2Q and the cost function is C=12 + 2Q. Required: Compute the profit-maximizing price, quantity and maximum profits.