The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price Quantity (dollars) Demanded $84 150 250 76 68 60 52 44 350 450 550 650 units Marginal Revenue (dollars) $84 64 48 32 16 @ Marginal Cost (dollars) $25 50 48 94 29 46 M Average Total Cost (dollars) $139.00 103.30 87.50 89.00 78.00 WWW 73.00 Instructions: Enter your answer as a whole number. If you are entering a negative number include a minus sign a. What is the monopolist's profit-maximizing level of output? b. What is the monopolist's profit at the profit-maximizing level of output?
The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price Quantity (dollars) Demanded $84 150 250 76 68 60 52 44 350 450 550 650 units Marginal Revenue (dollars) $84 64 48 32 16 @ Marginal Cost (dollars) $25 50 48 94 29 46 M Average Total Cost (dollars) $139.00 103.30 87.50 89.00 78.00 WWW 73.00 Instructions: Enter your answer as a whole number. If you are entering a negative number include a minus sign a. What is the monopolist's profit-maximizing level of output? b. What is the monopolist's profit at the profit-maximizing level of output?
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter9: Monopoly
Section: Chapter Questions
Problem 29CTQ: Imagine that you ale managing a small firm and thinking about entering the market of a monopolist....
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pls send me answer of this question of both parts in details and i will rate you.
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