I need help with econ multiple hw questions asap!77) Refer to the attached Figure 20. To maximize its profit, which outcome would a monopolist choose? A. 150 units of output and a price of $15 per unit B. 100 units of output and a price of $20 per unit C. 100 units of output and a price of $10 per unit D. 200 units of output and a price of $10 per unit76)When a monopoly increases its output and sales, what is the impact of the output effect and the price effect on total revenue? A. Both the output effect and the price effect work to increase total revenue. B. The output effect works to decrease total revenue, and the price effect works to increase total revenue. C. The output effect works to increase total revenue, and the price effect works to decrease total revenue D. Both the output effect and the price effect work to decrease total revenue PriceMarginal Cost$201510Demand100150200QuantityMarginal Revenue

(77). To maximize profit, monopolist will choose that level of output where marginal revenue is…

Answered: I need help with econ multiple hw…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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I need help with econ multiple hw questions asap!

77) Refer to the attached Figure 20. To maximize its profit, which outcome would a monopolist choose?

A. 150 units of output and a price of $15 per unit
B. 100 units of output and a price of $20 per unit
C. 100 units of output and a price of $10 per unit
D. 200 units of output and a price of $10 per unit

76)When a monopoly increases its output and sales, what is the impact of the output effect and the price effect on total revenue?

A. Both the output effect and the price effect work to increase total revenue.
B. The output effect works to decrease total revenue, and the price effect works to increase total revenue.
C. The output effect works to increase total revenue, and the price effect works to decrease total revenue
D. Both the output effect and the price effect work to decrease total revenue

Price
Marginal Cost
$20
15
10
Demand
100
150
200
Quantity
Marginal Revenue

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