Economics Graph shows the cost and revenue information for Shitotsu the monopolist. What are the levels of price, output, total (sales) revenue, and total profits if the monopolist were to produce at the positions (a) through (d) indicated in table below? MR D=AR

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Economics
Graph shows the cost and revenue information for Shitotsu the monopolist. What are the levels of price, output, total (sales) revenue,
and total profits if the monopolist were to produce at the positions (a) through (d) indicated in table below?
Costs and revenues
40
36
32
28
24
20
16
12
8
4
0
5
10 15 20 25 30 35
Quantity per period
a. Total revenue maximization
b. Profit-maximization
c. Socially optimum price
d. Fair-return price
MR
D-AR
MC
AC
Price ($)
16
20
12
Output
20
Total
Revenue ($)
320
Total
Profits ($)
120
0
Transcribed Image Text:Economics Graph shows the cost and revenue information for Shitotsu the monopolist. What are the levels of price, output, total (sales) revenue, and total profits if the monopolist were to produce at the positions (a) through (d) indicated in table below? Costs and revenues 40 36 32 28 24 20 16 12 8 4 0 5 10 15 20 25 30 35 Quantity per period a. Total revenue maximization b. Profit-maximization c. Socially optimum price d. Fair-return price MR D-AR MC AC Price ($) 16 20 12 Output 20 Total Revenue ($) 320 Total Profits ($) 120 0
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