The monopolist's total revenue equals*Price, cost,marginalrevenue ofdiamond$1006020MC ATCA.810-20MR-40Quantity of diamondsO $80O $160O $240O $300O $480

The monopolist's profit maximizing level of yield is found by likening its marginal revenue…

Answered: revenue of diamond $100 60 20 MC ATC A.…

Business

Economics

revenue of diamond $100 60 20 MC ATC A. 10 20 MR -40 Quantity of diamonds $80 $160 $240 $300 00 8)

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

The monopolist's total revenue equals
*
Price, cost,
marginal
revenue of
diamond
$100
60
20
MC ATC
A.
8
10
-20
MR
-40
Quantity of diamonds
O $80
O $160
O $240
O $300
O $480

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