Total Quantity Total Fixed Variable Price Demanded Cost Cost $100 $20 $0 90 1 $20 20 80 2 $20 48 70 3 $20 78 60 4 $20 110 50 $20 150 Refer to Exhibit 9-4. At an output level of 4 units, the monopolist earns a total profits of about O $112.00 O $118.00 O $110.00 $120.00
Total Quantity Total Fixed Variable Price Demanded Cost Cost $100 $20 $0 90 1 $20 20 80 2 $20 48 70 3 $20 78 60 4 $20 110 50 $20 150 Refer to Exhibit 9-4. At an output level of 4 units, the monopolist earns a total profits of about O $112.00 O $118.00 O $110.00 $120.00
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 20RQ: How can a monopolist identify the profit-maximizing level of output if it knows its total revenue...
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Question
![Exhibit 9-4: A Monopoly
Total
Quantity
Total Fixed
Variable
Price
Demanded Cost
Cost
$100
$20
$0
ts
90
1
$20
20
80
$20
48
70
$20
78
ments
60
4
$20
110
50
$20
150
Refer to Exhibit 9-4. At an output level of 4 units, the monopolist earns a
total profits of about
Tutoring
$112.00
shboard
$118.00
$110.00
O $120.00
erts](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa23fbab9-327e-49a5-a44c-7c7905b108a1%2Fa86e3310-08b2-4281-8f7e-4456ee9d9026%2Fv0733s_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Exhibit 9-4: A Monopoly
Total
Quantity
Total Fixed
Variable
Price
Demanded Cost
Cost
$100
$20
$0
ts
90
1
$20
20
80
$20
48
70
$20
78
ments
60
4
$20
110
50
$20
150
Refer to Exhibit 9-4. At an output level of 4 units, the monopolist earns a
total profits of about
Tutoring
$112.00
shboard
$118.00
$110.00
O $120.00
erts
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