40 -20 52.29 66 8 30 -40 55.75 80 9. 20 -60 60.67 100 10 10 -80 67.60 130 E. Refer to the data for a monopolist. At its profit-maximizing output, this firm's price w cost by and its average total cost by
40 -20 52.29 66 8 30 -40 55.75 80 9. 20 -60 60.67 100 10 10 -80 67.60 130 E. Refer to the data for a monopolist. At its profit-maximizing output, this firm's price w cost by and its average total cost by
Chapter12: Medicare
Section: Chapter Questions
Problem 5QAP
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Refer to the above data for a monopolist. This firm will maximize its profit by producing
Transcribed Image Text:Duestion 5
Total
Output
Marginal
Revenue
Average
Total Cost
Marginal
Cost
Price
$100
$100
$100.00
$30
90
80
63.00
26
80
60
52.67
32
70
40
49.50
40
60
20
49.60
50
50
50.00
52
40
-20
52.29
66
30
-40
55.75
80
20
-60
60.67
100
10
10
-80
67.60
130
5. Refer to the data for a monopolist. At its profit-maximizing output, this firm's price will
cost by
and its average total cost by
Ouestion6
123 4 5678g
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