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Show Deadweight Loss Show Economic Profit Loss off ($) Price, Average/Marginal Cost 225 200 175 MC 150 19 K & 125 100 SETTINGS ° Cost Structure Low Cost MR 0 20 40 60 80 100 120 140 abcdefghijklmso Quantity 40 Quantity 60 ATC AVC D 160 180 Quantity (units per month) Reset PROFIT CALCULATIONS Market Price (P $125.00 High Cost Marginal Revenue (MR) $50.00 Marginal Cost (MC) $55.00 120 Revenue $7,500.00 $5,066.67 Profit $2,433.33 Instructions: Make sure the Interactive is set to "Regular Monopoly" on the upper right side of the Graph section. When "Regular Monopoly" is selected, it will have a dark blue background. Be sure to include a negative (-) sign when needed. With the Cost Structure (In the settings section) set to "1" a. What is the profit maximizing quantity? units b. What is the maximum profit that can be earned? $ c. If the firm decides to produce 80 units (where the average total cost curve crosses the demand curve the revenue is $ costs are $[ 1. and profits (losses) are $[ d. If the firm decides to produce 40 units, the revenue is $ the costs are $1 and profits (losses) are $

Show Deadweight Loss Show Economic Profit Loss off ($) Price, Average/Marginal Cost 225 200 175 MC 150 19 K & 125 100 SETTINGS ° Cost Structure Low Cost MR 0 20 40 60 80 100 120 140 abcdefghijklmso Quantity 40 Quantity 60 ATC AVC D 160 180 Quantity (units per month) Reset PROFIT CALCULATIONS Market Price (P $125.00 High Cost Marginal Revenue (MR) $50.00 Marginal Cost (MC) $55.00 120 Revenue $7,500.00 $5,066.67 Profit $2,433.33 Instructions: Make sure the Interactive is set to "Regular Monopoly" on the upper right side of the Graph section. When "Regular Monopoly" is selected, it will have a dark blue background. Be sure to include a negative (-) sign when needed. With the Cost Structure (In the settings section) set to "1" a. What is the profit maximizing quantity? units b. What is the maximum profit that can be earned? $ c. If the firm decides to produce 80 units (where the average total cost curve crosses the demand curve the revenue is $ costs are $[ 1. and profits (losses) are $[ d. If the firm decides to produce 40 units, the revenue is $ the costs are $1 and profits (losses) are $

Micro Economics For Today
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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Show Deadweight Loss Show Economic Profit Loss off ($) Price, Average/Marginal Cost 225 200 175 MC 150 19 K & 125 100 SETTINGS ° Cost Structure Low Cost MR 0 20 40 60 80 100 120 140 abcdefghijklmso Quantity 40 Quantity 60 ATC AVC D 160 180 Quantity (units per month) Reset PROFIT CALCULATIONS Market Price (P $125.00 High Cost Marginal Revenue (MR) $50.00 Marginal Cost (MC) $55.00 120 Revenue $7,500.00 $5,066.67 Profit $2,433.33 Instructions: Make sure the Interactive is set to "Regular Monopoly" on the upper right side of the Graph section. When "Regular Monopoly" is selected, it will have a dark blue background. Be sure to include a negative (-) sign when needed. With the Cost Structure (In the settings section) set to "1" a. What is the profit maximizing quantity? units b. What is the maximum profit that can be earned? $ c. If the firm decides to produce 80 units (where the average total cost curve crosses the demand curve the revenue is $ costs are $[ 1. and profits (losses) are $[ d. If the firm decides to produce 40 units, the revenue is $ the costs are $1 and profits (losses) are $
Transcribed Image Text:Show Deadweight Loss Show Economic Profit Loss off ($) Price, Average/Marginal Cost 225 200 175 MC 150 19 K & 125 100 SETTINGS ° Cost Structure Low Cost MR 0 20 40 60 80 100 120 140 abcdefghijklmso Quantity 40 Quantity 60 ATC AVC D 160 180 Quantity (units per month) Reset PROFIT CALCULATIONS Market Price (P $125.00 High Cost Marginal Revenue (MR) $50.00 Marginal Cost (MC) $55.00 120 Revenue $7,500.00 $5,066.67 Profit $2,433.33 Instructions: Make sure the Interactive is set to "Regular Monopoly" on the upper right side of the Graph section. When "Regular Monopoly" is selected, it will have a dark blue background. Be sure to include a negative (-) sign when needed. With the Cost Structure (In the settings section) set to "1" a. What is the profit maximizing quantity? units b. What is the maximum profit that can be earned? $ c. If the firm decides to produce 80 units (where the average total cost curve crosses the demand curve the revenue is $ costs are $[ 1. and profits (losses) are $[ d. If the firm decides to produce 40 units, the revenue is $ the costs are $1 and profits (losses) are $
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