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Refer to the data for a nondiscriminating monopolist. At its profit-maximizing output, this firm's total costs will be $198. Ⓒ$300. Ⓒ$126. Ⓒ$248.

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

Total Output
1
2
3
4
5
6
7
8
9
10
$198.
$300.
$126.
*
$248.
Price
$100
90
80
70
60
50
40
30
20
10
Marginal
Revenue
$ 100
80
60
40
20
0
-20
-40
-60
-80
Average Total
Cost
Refer to the data for a nondiscriminating monopolist. At its profit-maximizing output, this firm's
total costs will be
$ 100.00
63.00
52.67
49.50
49.60
50.00
52.29
55.75
60.67
67.60
Marginal Cost
$30
26
32
40
50
52
66
80
100
130

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Answer choices are first blank: negative, positive, zero second blank: an equal number of, fewer, more
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