Answered: What quantity (Q) will the…

What quantity (Q) will the profit-maximizing monopolist below produce, what price (P) will they charge, and how much will their profit or loss be?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Answer please...

Q = 8 units
O P= $4,000
Profit = $12,000
Q = 8 units
OP= $2,500
Profit = $20,000
Q = 8 units
P= $2,000
Profit = $16,000
Q = 8 units
P = $4,000
Profit = $32,000

What quantity (Q) will the profit-maximizing monopolist
below produce, what price (P) will they charge, and
how much will their profit or loss be?
Price
(in thousands
of dollars)
$6
$5.5
$5
$4.5
$4
$3.5
$3
ATC $2.5
AVC $2
$1.5
$1
0 2
S-MC
ATC
AVC
4 6 8 10 12
Market - Firm
14
MR
Firm Demand
Quantity of
Output

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