The demand a monopoly faces is
p = 100 - Q + A^{0.5},
where Q is its quantity, p is its price, and A is the level of advertising. Its marginal cost of production is $55, and its cost of a unit of
advertising is $1. What is the firm's profit equation?
The monopoly's profit equation ($\pi$) as a function of Q and A is
$\pi = (100 - q + A^{0.50}) Q - 55Q - A$. (Properly format your expression using the tools in the palette. Hover over tools to see keyboard
shortcuts. E.g., a superscript can be created with the ^ character.)
The monopoly's profit-maximizing price is p = $, quantity is Q =, and advertising is A =. (Enter numeric responses using real
numbers rounded to two decimal places.)