Macmillan Learning (Figure: The Regional Monopolist) Use Figure: The Regional Monopolist. Assume a regional monopolist has no fixed costs. If the firm profit-maximizes, it will produce. Its profit will be units and charge a price of the consumer surplus will be and the deadweight loss is Price, MR, MC 100 65 50 30 MR 35 50 70 MC 100; $65; $1,500; $615.50; $1,000 35; $65; $1,225; $612.50; $612.50 50; $30; $1,200; $600; $100 70; $35; $1,225; $615.50; $615.50 D 100 Quantity
Macmillan Learning (Figure: The Regional Monopolist) Use Figure: The Regional Monopolist. Assume a regional monopolist has no fixed costs. If the firm profit-maximizes, it will produce. Its profit will be units and charge a price of the consumer surplus will be and the deadweight loss is Price, MR, MC 100 65 50 30 MR 35 50 70 MC 100; $65; $1,500; $615.50; $1,000 35; $65; $1,225; $612.50; $612.50 50; $30; $1,200; $600; $100 70; $35; $1,225; $615.50; $615.50 D 100 Quantity
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Macmillan Learning
(Figure: The Regional Monopolist) Use Figure: The Regional Monopolist. Assume a regional monopolist has no fixed
costs. If the firm profit-maximizes, it will produce
Its profit will be.
units and charge a price of
the
consumer surplus will be
and the deadweight loss is.
Price,
MR, MC
100
65
50
30
MR
35 50 70
MC
D
100
Quantity
100; $65; $1,500; $615.50; $1,000
35; $65; $1,225; $612.50; $612.50
50; $30; $1,200; $600; $100
70, $35; $1,225; $615.50, $615.50](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Facf4f1ba-3b61-4318-ad6b-837bfdf90586%2Fb3373218-5517-4eb3-ba46-744fff5eb55f%2Fzqay0pc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Macmillan Learning
(Figure: The Regional Monopolist) Use Figure: The Regional Monopolist. Assume a regional monopolist has no fixed
costs. If the firm profit-maximizes, it will produce
Its profit will be.
units and charge a price of
the
consumer surplus will be
and the deadweight loss is.
Price,
MR, MC
100
65
50
30
MR
35 50 70
MC
D
100
Quantity
100; $65; $1,500; $615.50; $1,000
35; $65; $1,225; $612.50; $612.50
50; $30; $1,200; $600; $100
70, $35; $1,225; $615.50, $615.50
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