Qq,42.Subject :- Economy QUESTION 30Price, costmarginalrevenue ofdiamond$1,0008006004002000--200-400O a. $6400b. $0.OO c. $1600d.$32008 10MRMC016 20Quantity of diamondsWhen the firm in the graph above is a monopoly and chooses its profit maximizing price and quantity, profit is equal toATC.if MC=

In a monopoly, demand curve and marginal revenue curve are downward sloping. Marginal revenue lies…

QUESTION 30 Price, cost marginal revenue of diamond $1,000 800 600 400 200 --200 -400 8 10 MR MC 16 20 Quantity of diamonds When the firm in the graph above is a monopoly and chooses its profit maximizing ATC. O a. $6400 O b. $0 Oc. $1600 Od. $3200

QUESTION 30 Price, cost marginal revenue of diamond $1,000 800 600 400 200 --200 -400 8 10 MR MC 16 20 Quantity of diamonds When the firm in the graph above is a monopoly and chooses its profit maximizing ATC. O a. $6400 O b. $0 Oc. $1600 Od. $3200

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

Qq,42.

Subject :- Economy

QUESTION 30
Price, cost
marginal
revenue of
diamond
$1,000
800
600
400
200
0
--200
-400
O a. $6400
b. $0.
O
O c. $1600
d.
$3200
8 10
MR
MC
0
16 20
Quantity of diamonds
When the firm in the graph above is a monopoly and chooses its profit maximizing price and quantity, profit is equal to
ATC.
if MC=

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