Q44 and 45 Output(Q)TotalTotalTotal Marginal MarginalRevenuePriceRevenueCostProfitCost20$25.00$500$650$15$540$20.00$800$750$560$15.00$900$950$1580$10.00$800$1,250The table above shows revenue and cost information at four different Output (Q) levels for a Monopolist. Of the fouravailable choices, Total Profit will be the greatest at Q =Select one:O a.60b. 20O C.80O d. 40Next page Output(a)TotalTotalTotalMarginal MarginalPriceRevenueCostProfitRevenueCost20$25.00$500$650$15$540$20.00$800$750$560$15.00$900$950$1580$10.00$800$1,250The table above shows revenue and cost information at four different Output (Q) levels for a Monopolist. If theMonopolist increases its Output from 60 to 80, Marginal Revenue (MR) isSelect one:O a.- $5Ob. $15O c. $5Od.$15

Output (Q) Price TR TC TP (TR-TC) MR MC 20 $25 500 650 -150 - - 40 $20 800 750 50 15 5 60 $15…

Output (Q) Total Total Total Marginal Marginal Profit Price Revenue Cost Revenue Cost 20 $25.00 $500 $650 $15 $5 40 $20.00 $800 $750 $5 60 $15.00 $900 $950 $15 80 $10.00 $800 $1,250 The table above shows revenue and cost information at four different Output (Q) levels for a Monopolist. Of the four available choices, Total Profit will be the greatest at Q = Select one: O a. 60 O b. 20 O c. 80 O d. 40

Output (Q) Total Total Total Marginal Marginal Profit Price Revenue Cost Revenue Cost 20 $25.00 $500 $650 $15 $5 40 $20.00 $800 $750 $5 60 $15.00 $900 $950 $15 80 $10.00 $800 $1,250 The table above shows revenue and cost information at four different Output (Q) levels for a Monopolist. Of the four available choices, Total Profit will be the greatest at Q = Select one: O a. 60 O b. 20 O c. 80 O d. 40

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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