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Mathematics 14 Online
OpenStudy (anonymous):

how do you determine the optimal supply and demand from P=50-0.2Qd and P=20+0.3Qs

OpenStudy (isaiah.feynman):

I'm guessing you want the equilibrium..?

OpenStudy (anonymous):

I know the equilibrium, but I've been asked for the optimal price and quantity which I am unsure on how to calculate

OpenStudy (isaiah.feynman):

I don't know that sorry.

OpenStudy (anonymous):

the optimal is the equilibrium

OpenStudy (anonymous):

it's where you are most efficient

OpenStudy (anonymous):

If it is a monopoly, P and Q are not at the equilibrium. You would have to maximize profits.

OpenStudy (anonymous):

there's a spillover cost of $2 per unit for the market as well

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