Exhibit 9-4: A MonopolyTotalQuantityTotal FixedVariablePriceDemanded CostCost$100$30$0901$302080$3048703$307860$3011050$30150Refer to Exhibit 9-4. At an output level of 5 units, the monopolist earns a total profitsof aboutO $100.00O $102.00O$82.00OS70.00%242.4.5.

Given: Q=5 units then P=50 TFC=30 TVC=150

Exhibit 9-4: A Monopoly Total Quantity Total Fixed Variable Price Demanded Cost Cost $100 $30 $0 90 1 $30 20 80 2 $30 48 70 3 $30 78 60 $30 110 50 5. $30 150 Refer to Exhibit 9-4. At an output level of 5 units, the monopolist earns a total profits of about $100.00 O $102.00 O$82.00 $70.00

Exhibit 9-4: A Monopoly Total Quantity Total Fixed Variable Price Demanded Cost Cost $100 $30 $0 90 1 $30 20 80 2 $30 48 70 3 $30 78 60 $30 110 50 5. $30 150 Refer to Exhibit 9-4. At an output level of 5 units, the monopolist earns a total profits of about $100.00 O $102.00 O$82.00 $70.00

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

Exhibit 9-4: A Monopoly
Total
Quantity
Total Fixed
Variable
Price
Demanded Cost
Cost
$100
$30
$0
90
1
$30
20
80
$30
48
70
3
$30
78
60
$30
110
50
$30
150
Refer to Exhibit 9-4. At an output level of 5 units, the monopolist earns a total profits
of about
O $100.00
O $102.00
O
$82.00
OS70.00
%24
2.
4.
5.

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