i need this all in wordsnot handwritten no picjust Rewrite it Efforts should be madefirm to remain atthebyhis equilibriumever byas it will bePoint ie 8000 unitlobbying the govt.the point where firm is atteiningmaximum profit.from / in them and willilly made by thetobetween the range ofit is-80the difference between actualPayment made andmaximum whichseller is willing to chargethesurplus will not be reduced by the fromeven when lobbying with thewith the government /b²Monopoly is attein at point whereMR = MC.In the table which we have calculatedin part (a), we can see that at 0=8000MR become equal to MC. The priceat that level is120.In diagram, it is denoted by foint E,where @ = 8000 and Price become 120,by extending equilibrium port todemand curve.So equilibriumquantity = 8000equilibrium price = 120

Efforts should be made by The Firm to remain at its equilibrium point i.e 8000 units even by…

Answered: i need this all in words not…

Business

Economics

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

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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

/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

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