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Question 17 30 MC ATC AVC MR 100 190 260 300 400 What is the optimal output and price for the prafit maximizing, nondiscriminating monopolist in the exhibit ab O 190 and $30 O 190 and $26 O 190 and $25 O 260 and $28 300 and $27

Question 17 30 MC ATC AVC MR 100 190 260 300 400 What is the optimal output and price for the prafit maximizing, nondiscriminating monopolist in the exhibit ab O 190 and $30 O 190 and $26 O 190 and $25 O 260 and $28 300 and $27

ENGR.ECONOMIC ANALYSIS
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 17 3아- MC ATC 26 27 26 25 24 AVC 20 MR 100 190 260 300 400 What is the optimal output and price for the prafit maximizing, nondiscriminating monopolist in the exhibit above? O 190 and $30 O 190 and $26 O 190 and $25 O 260 and $28 O 300 and $27 D Question 18 $/9 30- MC ATC 28 27 AVC 26 25 24 D. 2아 MR 100 190 260 300 400 Total cost for this nondiscriminating monopolist at its profit-maximizing output level in the exhibit above is O $7280 O $4750 $5700 None of the choices are correct O $4940 D Question 19 Why is collusian to raise prices highly unlikely among firms in perfectly competitive industries? O All the firms in competitive industries love their consumers too much to ever collude against them O There is only one firm in perfectly competitive industries, so whom would they collude with? • There are too many firms in perfectly competitive industries. O The products are too differentiated for collusion in perfectly competitive industries 3 This is a trick question because firms in perfectly competitive industries collude and form cartels all the time. Question 20 If total cost when 70 units are produced $750 and total cast when 71 units are produced - $810, then we knaw O None of the choices are correct O the marginal cost of the 71st unit is $750 • the marginal cost of the 71st unit is $60 O the marginal cost of the 71st unit is $50 the marginal cost of the 71st unit is $8100
Transcribed Image Text:Question 17 3아- MC ATC 26 27 26 25 24 AVC 20 MR 100 190 260 300 400 What is the optimal output and price for the prafit maximizing, nondiscriminating monopolist in the exhibit above? O 190 and $30 O 190 and $26 O 190 and $25 O 260 and $28 O 300 and $27 D Question 18 $/9 30- MC ATC 28 27 AVC 26 25 24 D. 2아 MR 100 190 260 300 400 Total cost for this nondiscriminating monopolist at its profit-maximizing output level in the exhibit above is O $7280 O $4750 $5700 None of the choices are correct O $4940 D Question 19 Why is collusian to raise prices highly unlikely among firms in perfectly competitive industries? O All the firms in competitive industries love their consumers too much to ever collude against them O There is only one firm in perfectly competitive industries, so whom would they collude with? • There are too many firms in perfectly competitive industries. O The products are too differentiated for collusion in perfectly competitive industries 3 This is a trick question because firms in perfectly competitive industries collude and form cartels all the time. Question 20 If total cost when 70 units are produced $750 and total cast when 71 units are produced - $810, then we knaw O None of the choices are correct O the marginal cost of the 71st unit is $750 • the marginal cost of the 71st unit is $60 O the marginal cost of the 71st unit is $50 the marginal cost of the 71st unit is $8100
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