5 P.TRMRAC (ATC)TCMCProfit +/-$170$0$95$160$1952.$150$1453.$140$1274.$130%$116.25$120$1096.$10$105$100$104$90$103.75$80$10510$70$107Refer to Monopoly table above. The TR column computes as follows:O a. 0, 160, 30o, 420, 520, 650, 660, 700, 720, 720, 700O b. 100, 160, 300, 420, 520, 600, 660, 700, 720, 720, 700O c. 0, 160, 30o, 420, 520, 600, 660, 700, 720, 730, 700O d. o, 160, 300, 420, 520, 600, 660, 700, 72o, 720, 700O e. o, 160, 300, 420, 520, 600, 650, 700, 720, 730, 700

In a monopoly, Marginal revenue curve lies below the demand curve which implies the seller can has…

MR AC (ATC) TC MC Profit +/ TR $170 $0 $95 $160 $195 %$4150 $145 $140 $127 4. $130 %$116.25 $120 $109 6. $10 $105 $100 $104 $490 $103.75 $80 $105 10 $70 $107 Refer to Monopoly table above. The TR column computes as follows: O a. 0, 160, 30o, 420, 520, 650, 660, 700, 720, 7ao, 700 O b. 100, 160, 300, 420, 520, 600, 660, 700, 720, 720, 700 Oc. o, 160, 30o, 420, 520, 600, 660, 700, 720, 730, 700 O d. 0, 160, 300, 420, 520, 60o, 660, 700, 72o, 720, 700 O e. o, 160, 300, 420, 520, 600, 650, 700,720. 730, 700

MR AC (ATC) TC MC Profit +/ TR $170 $0 $95 $160 $195 %$4150 $145 $140 $127 4. $130 %$116.25 $120 $109 6. $10 $105 $100 $104 $490 $103.75 $80 $105 10 $70 $107 Refer to Monopoly table above. The TR column computes as follows: O a. 0, 160, 30o, 420, 520, 650, 660, 700, 720, 7ao, 700 O b. 100, 160, 300, 420, 520, 600, 660, 700, 720, 720, 700 Oc. o, 160, 30o, 420, 520, 600, 660, 700, 720, 730, 700 O d. 0, 160, 300, 420, 520, 60o, 660, 700, 72o, 720, 700 O e. o, 160, 300, 420, 520, 600, 650, 700,720. 730, 700

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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