Suppose the following table contains data of a Monopoly.   Output       Price (Tk.)                               Total Cost (Tk.) 0                14                                            2____________ 1                12                                            6____________ 2                10                                            8____________ 3                8                                              12______

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Suppose the following table contains data of a Monopoly.

 

Output       Price (Tk.)                               Total Cost (Tk.)

0                14                                            2____________

1                12                                            6____________

2                10                                            8____________

3                8                                              12___________

4                6                                              20___________

5                4                                              32___________

 

  1. What is the profit maximizing quantity of this firm?
  2. What price the above firm chooses to sell its output?
6. Suppose the following table contains data of a Monopoly.
Output
Price (Tk.)
Total Cost (Tk.)
14
1
12
2
10
8
3
8
12
4
6.
20
4
32
a. What is the profit maximizing quantity of this firm?
b. What price the above firm chooses to sell its output?
Transcribed Image Text:6. Suppose the following table contains data of a Monopoly. Output Price (Tk.) Total Cost (Tk.) 14 1 12 2 10 8 3 8 12 4 6. 20 4 32 a. What is the profit maximizing quantity of this firm? b. What price the above firm chooses to sell its output?
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