1000 900 $00 700 600 500 400 300 200- 100 MC ATC MR 5 10 15 20 25 30 35 40 Quantity Refer to the above figure. What price and quantity pair in the figure above will the monopolist choose? a. P = $15; Q = 400 b. P $400; Q = 25 C. P = $500; Q = 25 d. P= $700; Q = 15

27 $50 $45 $40 i of $35 $30 $25 ATC, Demand = P $20 $15 FLRATC = LRMC $10 MR $5 $0 20 40 60 80 100 120 Output (Q) The diagram above shows the Demand, MR, and cost curves for a monopolist in both the short-run and long-run. According to the information on the graph, the monopolist will maximize profit in the SHORT-run by choosing Output (Q) level and in the LONG- run by choosing Output (Q) level Select one: а. 25; 40 b. 40; 25 С. 25;B 80 d. 40; 80

100 120 140 If this monopolist was regulated to charge the efficient price, what price would be set?

28 $55 $50 $45 MC АТС I of $40 $35 $30 $25 $20 Demand = P $15 $10 $5 $0 MR 40 80 120 160 200 240 Output (Q) The diagram above shows the Demand, MR, and cost curves for a monopolist in the short-run. At the profit maximizing Output (Q) level, the monopolist will earn a Total Profit of: Sel one: а. $1,200 b. $2,200 c. $800 d. $2,000 $$

E4 How much extra profit does the monopolist earn when he increases the price from $12 to $18

please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly

Figure 94 Monopolist (dollars) 10 8 6 0 Quantity MC Refer to Figure 94. Suppose that the profit-maximizing/loss minimizing level of output is 40 units per day and the average fixed cost and average variable cost of producing this amount is $4 $7, respectively. (a) What is the total cost of producing 40 units per day? Show your work. (b) What is the total profit earned/loss incurred by producing 40 units per day? Show your work. (c) What price will the firm charge to maximize profit or minimize loss? (d) Should the firm shut down or continue to produce in the short run? Explain.

Assume that we have only one firm producing tennis balls. See the diagram below showing the market for tennis balls and find the: Price($) 115 18 11 19 0 20 20 40 40 MC ATC MR D Quantity Use the Graph below to answer the questions given below i. the quantity of output maximizing the profit the price monopolist is charging, ii. value of the average revenue at the profit maximising level of production, iii. value of the marginal cost at the profit maximising level of production, iv. value of marginal revenue at the profit maximising level of production, V. vi. value of the average total cost What is the value of total revenue, total cost and total profit at the profit maximizing quantity? vii. What would be the efficient level of output and price if the market was perfectly competitive?

29 $55 $50 $45 MC АТС I of $40 $35 $30 $25 $20 Demand = P $15 $10 $5 MR $0 40 80 120 160 200 240 Output (Q) The diagram above shows the Demand, MR, and cost curves for a monopolist in the short-run. The monopolist will maximize its profit by choosing Output (Q) level and charging Price. Select one: а. 120; $20 b. 160; $30 С. 120;B $35 d. 160; $25 $$

Refer to the scenario above. The monopolist profit is maximized when the quantity sold is____ packs. How would be the price? a)Q=50, P=2 b)Q=75, P=5 c)Q=100, P=2 d)Q=150, P=5