(Solved): The inverse demand curve a monopoly faces is \[ p=15 Q^{-0.5} \text {. } \] What is the firm's mar ...

The inverse demand curve a monopoly faces is \[ p=15 Q^{-0.5} \text {. } \] What is the firm's marginal revenue curve? Marginal revenue (MR) is \( \mathrm{MR}=\quad \) (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 \( { }^{\wedge} \) character.) The firm's cost curve is \[ C(Q)=5 Q \text {. } \] What is the profit-maximizing solution? (Round all numeric to two decimal places.) The profit-maximizing quantity is The profit-maximizing price is \( \$ \) What is the firm's economic profit? The firm earns a profit of \( \$ \) (Round your response to two decimal places.)