Instructions: Enter your answers as a whole number.b. What is the profit-maximizing price for this monopolist?What is the profit-maximizing output?unitsc. What is the monopolist's profit?%24%24 Suppose a pure monopolist faces the following cost data, as shown by the table on the left, and the demand schedule, as shown onthe right.a. Calculate the missing TR and MR amounts.Instructions: Enter your answers rounded to two decimal places. If you are entering any negative numbers be sure to include anegative sign (-) in front of those numbers.Production and CostsDemandAverageVariableQuantityDemandedTotalAverageFixed CostAverageTotal CostMarginalCostMarginalRevenuePriceTotal RevenueProductCost$1151$60.00$45.00$105.00$451001230.0042.5072.504083220.0040.0060.0035713415.0037.5052.503063412.0037.0049.003555510.0037.5047.504048678.5738.5747.14454278.7.5040.6348.1355376.6743.3350.0065339.106.0046.5052.507529109 |으

a monopoly is the sole producer of a good in the market thus having maximum market power hence will…

Calculate the missing TR and MR amounts. structions: Enter your answers rounded to two decimal places. If you are entering any negative numbers be sure to egative sign (-) in front of those numbers. Production and Costs Demand Average Fixed Cost Average Variable Average Total Cost Marginal Cost Quantity Demanded Marginal Revenue Total Price Total Revenue Product Cost $115 | | | $60.00 $45.00 $105.00 $45 100 1 2 30.00 42.50 72.50 40 83 2 3 20.00 40.00 60.00 35 71 3 4 15.00 37.50 52.50 30 63 4 5 12.00 37.00 49.00 35 55 6 10.00 37.50 47.50 40 48 6. 7 8.57 38.57 47.14 45 42 7 7.50 40.63 48.13 55 37 6.67 43.33 50.00 65 33 9 10 6.00 46.50 52.50 75 29 10

Calculate the missing TR and MR amounts. structions: Enter your answers rounded to two decimal places. If you are entering any negative numbers be sure to egative sign (-) in front of those numbers. Production and Costs Demand Average Fixed Cost Average Variable Average Total Cost Marginal Cost Quantity Demanded Marginal Revenue Total Price Total Revenue Product Cost $115 | | | $60.00 $45.00 $105.00 $45 100 1 2 30.00 42.50 72.50 40 83 2 3 20.00 40.00 60.00 35 71 3 4 15.00 37.50 52.50 30 63 4 5 12.00 37.00 49.00 35 55 6 10.00 37.50 47.50 40 48 6. 7 8.57 38.57 47.14 45 42 7 7.50 40.63 48.13 55 37 6.67 43.33 50.00 65 33 9 10 6.00 46.50 52.50 75 29 10

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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