i need this all in words not handwritten no pic just Rewrite it

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question

i need this all in words

not handwritten no pic

just Rewrite it

Efforts should be made
firm to remain at
the
by
his equilibrium
ever by
as it will be
Point ie 8000 unit
lobbying the govt.
the point where firm is atteining
maximum profit.
from / in them and willilly made by the
to
between the range of
it is
-80
the difference between actual
Payment made and
maximum which
seller is willing to charge
the
surplus will not be reduced by the from
even when lobbying with the
with the government
Transcribed Image Text:Efforts should be made firm to remain at the by his equilibrium ever by as it will be Point ie 8000 unit lobbying the govt. the point where firm is atteining maximum profit. from / in them and willilly made by the to between the range of it is -80 the difference between actual Payment made and maximum which seller is willing to charge the surplus will not be reduced by the from even when lobbying with the with the government
/b²
Monopoly is attein at point where
MR = MC.
In the table which we have calculated
in part (a), we can see that at 0=8000
MR become equal to MC. The price
at that level is
120.
In diagram, it is denoted by foint E,
where @ = 8000 and Price become 120,
by extending equilibrium port to
demand curve.
So equilibrium
quantity = 8000
equilibrium price = 120
Transcribed Image Text:/b² Monopoly is attein at point where MR = MC. In the table which we have calculated in part (a), we can see that at 0=8000 MR become equal to MC. The price at that level is 120. In diagram, it is denoted by foint E, where @ = 8000 and Price become 120, by extending equilibrium port to demand curve. So equilibrium quantity = 8000 equilibrium price = 120
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Paper Money
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education