Total Output 1 2 3 4 5 6 7 8 9 10 Multiple Choice O O Price $100 O Refer to the data for a nondiscriminating monopolist. This firm will maximize its profit by producing 3 units. 4 units. 5 units. 90 80 70 60 50 40 30 20 10 6 units. Marginal Revenue $ 100 80 60 40 20 0 -20 -40 -60 -80 Average Total Cost $ 100.00 63.00 52.67 49.50 49.60 50.00 52.29 55.75 60.67 67.60 Marginal Cost $30 26 32 40 50 52 66 80 100 130

Total Output 1 2 3 4 5 6 7 8 9 10 Multiple Choice O O Price $100 O Refer to the data for a nondiscriminating monopolist. This firm will maximize its profit by producing 3 units. 4 units. 5 units. 90 80 70 60 50 40 30 20 10 6 units. Marginal Revenue $ 100 80 60 40 20 0 -20 -40 -60 -80 Average Total Cost $ 100.00 63.00 52.67 49.50 49.60 50.00 52.29 55.75 60.67 67.60 Marginal Cost $30 26 32 40 50 52 66 80 100 130

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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