Consider the following table for a monopolist to answer the question. Quantity Price (P) Total Marginal Total cost (0) revenue revenue (TC) (TR) (MR) 0 1 2 3456 O 7 8 9 10 48 O 44 40 68 64 The profit-maximizing price for the monopolist is S O 36 60 56 52 48 44 40 36 32 28 40 72 92 100 108. 112 128 160 200 256 320 Marginal cost (MC)

Consider the following table for a monopolist to answer the question. Quantity Price (P) Total Marginal Total cost (0) revenue revenue (TC) (TR) (MR) 0 1 2 3456 O 7 8 9 10 48 O 44 40 68 64 The profit-maximizing price for the monopolist is S O 36 60 56 52 48 44 40 36 32 28 40 72 92 100 108. 112 128 160 200 256 320 Marginal cost (MC)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

of aboul $92,00 Exhibit 9-4: A Monopoly Total Quantity Total Fixed Variable Price Demanded Cost Cost $100 $20 $0 90 1 $20 20 80 $20 48 70 $20 78 60 4 $20 110 50 $20 150 Refer to Exhibit 9-4. At an output level of 3 units, the monopolist earns a total profits of about O $80.00 $92.00 O $112.00 O$110.00 2. 3. 5.
Note: don't use chat gpt.
do fast
Question 9 Because a monopolist has market power, which of the following is NOT a characteristic of a monopolist? O It faces a horizontal demand curve O It faces a downward-sloping demand curve O When it produces an extra unit of output, it must lower its price for on all units sold O Its marginal revenue curve is below its demand curve
Exhibit 10-4 $/0 MC ATC 24 /t 10 The non-discriminating monopolist in Exhibit 10-4 should: O Produce 10 units at a price of $36 per unit. O Produce 10 units at a price of $24 per unit. O Produce 10 units at a price of $40 per unit. O Produce 15 units at a price of $32 per unit. O We cannot determine what the firm should do without knowing its average variable cost.
Please help
The figure below shows the cost and revenue curves faced by a monopolist. The profit-maximizing output and price for the monopolist are: Figure 9.1 $/Q $30 24 222 420 22 20 10 0 50 100 150 117 MC ATC MR 200 AVC O 117 units and $14, respectively. O 150 units and $22, respectively. O 150 units and $14, respectively. O 117 units and $22, respectively. O 117 units and $24, respectively. D Q
6.
Suppose that Jana's Financial Consulting Company is a perfectly price discriminating monopolist with the following cost and revenue information: 0 1 2 Quantity Total Cost Marginal Cost Price Total Revenue Marginal Revenue $100 $170 $140 $160 $184 $150 $230 $140 $280 $130 $335 $120 $395 $110 $475 $100 $575 $95 min 00 6 7
Question 11 A firm's market demand for a monopolist is given by P= 120-2Q. His marginal cost of production is 2Q. What level of output would maximize profits? O 0 120 20 30
The monopolist has constant marginal and average cost AC-MC=70 and faces the market demand P120-Q. Suppose the monopolist can perfectly price discriminate by setting a two-part tariff: that is, the monopolist charges the consumer a fixed fee Fand a per unit price p. What are the optimal values of Fand p that the monopolist sets? O F-$2500, p-$70 O F-$3500, p-$70 O F-$2375, p-$95 O F-$1250, p-$70 O F-$2975, p-$85
Price (dollars) 30 27 24 21 18 15 12 9 O 3 units. O 5 units. O 4 units. Quantity demanded O 6 units. 0 1 2 3 4 5 6 7 Marginal revenue (dollars) 0 27 21 15 3 -3 -9 Total cost (dollars) 25 28 33 40 49 Using the data in the above table for a single-price monopolist, how many units of output will be produced? 60 73 88