LABOR ECONOMICS (LL+ACCESS)
8th Edition
ISBN: 9781264909339
Author: BORJAS
Publisher: MCG
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Question
Chapter 11, Problem 11RQ
To determine
Bonding critique in efficiency wage models.
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Students have asked these similar questions
Consider the figure at the right. The profit of
the single-price monopolist
OA. is shown by area D+H+I+F+A.
B. is shown by area A+I+F.
OC. is shown by area D + H.
○ D. is zero.
○ E. cannot be calculated or shown with just the
information given in the graph.
(C)
Price ($)
B
C
D
H
FIG
шо
E
MC
ATC
A
MR
D = AR
Quantity
Consider the figure. A perfectly price-discriminating
monopolist will produce
○ A. 162 units and charge a price equal to $69.
○ B. 356 units and charge a price equal to $52 for the
last unit sold only.
OC. 162 units and charge a price equal to $52.
OD. 356 units and charge a price equal to the
perfectly competitive price.
Dollars per Unit
$69
$52
MR
162 356
Output
MC
D
The figure at right shows the demand line, marginal
revenue line, and cost curves for a single-price
monopolist. Now suppose the monopolist is able to
charge a different price on each different unit sold.
The profit-maximizing quantity for the monopolist is
(Round your response to the nearest whole number.)
The price charged for the last unit sold by this monopolist
is $ (Round your response to the nearest dollar.)
Price ($)
250
225-
200-
The monopolist's profit is $
the nearest dollar.)
(Round your response to
MC
175-
150
ATC
125-
100-
75-
50-
25-
0-
°-
0
20
40
60
MR
80 100 120 140 160 180 200
Quantity
Chapter 11 Solutions
LABOR ECONOMICS (LL+ACCESS)
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