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Below is a graph of a monopoly firm. Estimate how much this monopoly earning in profits or losses. (Either draw the rectangle virtually and find the area or use the Profit Equation from the lecture). "Use a negative sign in front of the number to indicate Losses. As long as you are in the ballpark, Canvas should mark it correct. COST 120 110- 100- 90 80 70 60 50 40 30 20 20 30 40 50 OUTPUT MR 60 MC 70 D ATC

Below is a graph of a monopoly firm. Estimate how much this monopoly earning in profits or losses. (Either draw the rectangle virtually and find the area or use the Profit Equation from the lecture). "Use a negative sign in front of the number to indicate Losses. As long as you are in the ballpark, Canvas should mark it correct. COST 120 110- 100- 90 80 70 60 50 40 30 20 20 30 40 50 OUTPUT MR 60 MC 70 D ATC

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question 10 Below is a graph of a monopoly firm. Estimate how much this monopoly earning in profits or losses. (Either draw the rectangle virtually and find the area or use the Profit Equation from the lecture). "Use a negative sign in front of the number to indicate Losses. As long as you are in the ballpark, Canvas should mark it correct. COST 120- 110 100 90 80 70 60 50 40 30 20 20 30 40 50 OUTPUT MR 60 MC 70 ATC
Transcribed Image Text:Question 10 Below is a graph of a monopoly firm. Estimate how much this monopoly earning in profits or losses. (Either draw the rectangle virtually and find the area or use the Profit Equation from the lecture). "Use a negative sign in front of the number to indicate Losses. As long as you are in the ballpark, Canvas should mark it correct. COST 120- 110 100 90 80 70 60 50 40 30 20 20 30 40 50 OUTPUT MR 60 MC 70 ATC
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