The following demand and cost data is for a monopolist. Equilibrium price of the monopolist will be: Select one: a. $2.00. b. $2.25. $1.75. $2.50. C. O d. Demand data Price Quantity demande $2.75 2.50 2.25 2.00 1.75 d 3 4 5 6 7 Cost data Output 3 4 5 6 7 Total cost $4.00 4.50 4.75 5.75 7.75

The following demand and cost data is for a monopolist. Equilibrium price of the monopolist will be: Select one: a. $2.00. b. $2.25. $1.75. $2.50. C. O d. Demand data Price Quantity demande $2.75 2.50 2.25 2.00 1.75 d 3 4 5 6 7 Cost data Output 3 4 5 6 7 Total cost $4.00 4.50 4.75 5.75 7.75

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

Typed plz and Asap thanks please solve both I will up vote and share positive feedback thanks

The following demand and cost data is for a monopolist. Equilibrium price of the
monopolist will be:
Select one:
a. $2.00.
b. $2.25.
c. $1.75.
d. $2.50.
Demand data
Price Quantity demande
$2.75
2.50
2.25
2.00
1.75
d
3
4
5
67
Cost data
Output
3
4
LO
5
69
7
Total cost
$4.00
4.50
4.75
5.75
7.75

The long-run supply curve for the industry described in the graph would be:
P
0
S₁
to fo
Select one:
a. vertical.
b. downward sloping.
C. horizontal.
O d. upward sloping.
52

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