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

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