B) The table below shows the information on quantity, price and cost of a monopolist. Assume that the fixed costis $20,QuantityPriceTotal Variable Cost10$9$2020$8$6030$7$12040$6$20050$5$30060$4$420Determine the optimal output of the firm and compute the profit or loss of the firm at the optimal output. At whatprice will the monopolist exit from the industry?

Total cost (TC)= TFC + TVC Quantity Price($) TVC FC TC MC TR MR Profit 10 9 20 20 40 - 90 - -…

The table below shows the information on quantity, price and cost of a monopolist. Assume that the fixed cost $20, Quantity Price Total Variable Cost 10 $9 $20 20 $8 $60 30 S7 $120 40 $6 $200 50 $5 $300 50 $4 $420 etermine the optimal output of the firm and compute the profit or loss of the firm at the optimal output. At what

The table below shows the information on quantity, price and cost of a monopolist. Assume that the fixed cost $20, Quantity Price Total Variable Cost 10 $9 $20 20 $8 $60 30 S7 $120 40 $6 $200 50 $5 $300 50 $4 $420 etermine the optimal output of the firm and compute the profit or loss of the firm at the optimal output. At what

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

In the figure below, what will be the monopolist's profit-maximizing price? K J H G 0 O H G J K T MR V X MC Quantity Y ATC O
The following graph shows a total revenue curve for a monopolist. $ 0 Quantity Refer to the above graph. The profit-maximizing firm will produce in that output level where total revenue is: A. B. C. D. TR Rising Falling Rising and falling Zero
The following table shows the total revenue and total cost for a monopolist at various levels of output. Output Total Revenue Total Cost 1 12 22 2 26 26 3 50 32 4 58 40 5 60 51 6 61 66 7 58 86 8 48 112 9 36 142 What is the marginal revenue associated with the sale of the fifth unit? $2 -$2 $10 -$10
general economics subject The marginal revenue function of a monopolistic company is MR = 400 8Q. If the market selling price of the good is P = 60 TL. how much of the product does the monopolist company sell to the market?
microeconomics
Q14 Monopolists, like firms in other market structure, strive to maximize profit. Microsoft when it first came out with its Windows operating system was thought to be a monopolist. Assume that Microsoft is a monopolist and calculates that at its present output level, marginal cost is $5.50 and marginal revenue is $4.50. Microsoft could increase profits by Multiple Choice decreasing output and leaving price unchanged. increasing price and decreasing output. decreasing price and increasing output. leaving both quatity and price unchanged. decreasing price and leaving output unchanged.
The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price (dollars) Quantity Demanded $130 200 120 300 110 400 100 500 90 600 80 700 $50,000 O $80,000 $10,000 Marginal Revenue Marginal Cost Average Total Cost (dollars) (dollars) (dollars) $110 $25 $139.00 32 103.30 40 87.50 50 80.00 62 77.00 77 77.00 What is the monopolist's profit at the profit-maximizing level of output? O $0 90 70 50 30 10
Suppose the graph represent demand and marginal cost for a firm that is able to engage in perfect price discrimination. What is this firm's profit? Price and costs $50 45 40 35 30 25 20 15 10 5 D 0 10 20 30 40 50 MC = ATC T 60 70 80 90 100 Downloads per hour
answer this thankyou
Explains it correctly
Easy econ, I will like. Thanks!
The table shows the demand schedule of a monopolist. Calculate marginal revenue and fill in the revenue column in the table. Assume that output can only be sold in integer amounts (i.e., 11 unit, 22 units, etc.). Once you have filled in marginal revenue, identify the quantity produced by the monopolist in this market. Quantity Price Marginal Marginal Cost Revenue 1 $13 $3 MR1 2 $12 $4 MR2 3 $11 $5 MR3 4 $10 $6 MR4 $9 $7 MR5 6. $8 $8 MR6 How many units does the monopolist produce? Quantity: