**Exhibit 9-4: A Monopoly**| Price | Quantity Demanded | Total Fixed Cost | Total Variable Cost ||-------|------------------|------------------|---------------------|| $100 | 0 | $20 | $0 || $90 | 1 | $20 | $20 || $80 | 2 | $20 | $48 || $70 | 3 | $20 | $78 || $60 | 4 | $20 | $110 || $50 | 5 | $20 | $150 |**Instructions:**Refer to Exhibit 9-4. At an output level of 4 units, the monopolist earns a total profit of about ______________.**Options:**- $118.00- $112.00- $110.00- $120.00**Explanation:**This table illustrates the relationship between price, quantity demanded, total fixed cost, and total variable cost for a monopolistic market. It helps in analyzing how total profit is determined at varying levels of output.

In a market, profit is carried out by the difference between total revenue and total cost.

Exhibit 9-4: A Monopoly Quantity Total Fixed Total Variable Price Demanded Cost Cost $100 $20 $0 90 1 $20 20 80 $20 48 70 3. $20 78 60 $20 110 50 $20 150 Refer to Exhibit 9-4. At an output level of 4 units, the monopolist earns a total profits of about O $118.00 O$112.00 O $110.00 O$120.00 4 5

Exhibit 9-4: A Monopoly Quantity Total Fixed Total Variable Price Demanded Cost Cost $100 $20 $0 90 1 $20 20 80 $20 48 70 3. $20 78 60 $20 110 50 $20 150 Refer to Exhibit 9-4. At an output level of 4 units, the monopolist earns a total profits of about O $118.00 O$112.00 O $110.00 O$120.00 4 5

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Figure 15-16 Pri 40- 33 R 228 22 30- 25- 30 15 20 MC-ATC Demand MR 50 100 150 200 250 300 350 400 450 500 550 600 650 700 750 800 Quantity Refer to Figure 15-16. If there are no fixed costs of production, monopoly profit with perfect price discrimination equals O a. $1,562.5. b. $3,125. O c. $6,250. O d. $1.
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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.
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