If the profit-maximizing output for the monopoly firm below is Q=4, what is the marginal revenue at Q=4?
Quantity Q |
Marginal Revenue MR |
Marginal Cost MC |
Marginal Profit MP |
---|---|---|---|
1 | 1,250 | 500 | 750 |
2 | 1,000 | 250 | 750 |
3 | 650 | 200 | 450 |
4 | ? | 175 | 0 |
5 | 0 | 250 | −250 |
When the Monopoly firm is maximizing the profit, it determines the level of output to be produced at which the marginal revenue and marginal cost both are equal. If profit is maximized at 4 units, then marginal revenue should be equal to marginal cost
Thus, marginal revenue at q = 4 is $175.
If the profit-maximizing output for the monopoly firm below is Q=4, what is the marginal revenue...
Figure: A Profit-Maximizing Monopoly Firm Reference: Ref 13-2 Figure: A Profit-Maximizing Monopoly Firm (Figure: A Profit-Maximizing Monopoly Firm) Use Figure: A Profit-Maximizing Monopoly Firm. This firm's cost per unit at its profit-maximizing quantity is: Select one: a. $8. b. $20. c. $15. d. $18. We were unable to transcribe this imageP, MR MC, ATC $50 MC ATC 100 150 200 250 300 400 Quantity of output (per week) Reference: Ref 13-2 Figure: A Profit-Maximizing Monopoly Firm (Figure: A Profit-Maximizing Monopoly...
Figure 15-6 Price $20+ Marginal Cost 100 150 200 Quantity Marginal Revenue Refer to Figure 15-6. What is the deadweight loss caused by a profit-maximizing monopoly? O O $150 $200 $250 Os300 A monopolist faces market demand given by P - 60 - Q. For this market, MR = 90 - 2Q and MC - Q. What price will the monopolist charge in order to maximize profits? O $20 O $30 O so Osso In Canada, in the majority of...
Given the following information for a monopoly firm: Demand: P = 64-4(Q) Marginal revenue: MR = 64 - 8(Q) Marginal cost: MC = 2(0)+10 Average total cost at equilibrium is 30 1. At what output (Q) will this firm maximize profit? 2. At what price (P) will this firm maximize profit 3. What is the total revenue (TR) earned at this output level 4. What is the total cost (TC) accrued at this output 5. What profit is earned Assume...
Figure: The Profit-Maximizing Output and Price Price, cost, marginal revenue of diamond $1,000 800 600 400 200 C MC -200 -400 8 10 16 20 Quantity of diamonds Reference: Ref 13-17 (Figure: The Profit-Maximizing Output and Price) Look at the figure The Proht-Maximizing Output and Price. Assume that there are no fixed costs and AC MC-$200. At the profit-maximizing output and price for competitor perfectly competitive industry, consumer surplus is: $6,400 O $1.600. o$0. С $3,200.
1A Marginal revenue for a monopoly firm is: not related to the price that the monopolist charges for its products. less than the price that the monopolist charges for its products. always greater than the price that the monopolist charges for its products. equal to the price that the monopolist charges for its products. 1B Regarding monopoly firms, our text concludes that: firms which have been granted monopoly status by a government are less-efficient and provide a lower-quality and higher-priced...
please answer all questions! Figure 15-6 Price $20+ Marginal Cost 100 150 200 Quantity Marginal Revenue Refer to Figure 15-6. What is the deadweight loss caused by a profit-maximizing monopoly? O O $150 $200 $250 Os300 A monopolist faces market demand given by P - 60 - Q. For this market, MR = 90 - 2Q and MC - Q. What price will the monopolist charge in order to maximize profits? O $20 O $30 O so Osso In Canada,...
At a firm's current level of production, marginal revenue is greater than marginal cost (MR>MC).A profit-maximizing firm will increase prices. increase output decrease output. O shut down.
17a) Assuming the monopoly pictured is a profit-maximizing monopoly, what price will the monopoly charge for its output? A: $4 B: $5 C: $6 D: $7 E: $8 17b) Assuming the monopoly (above picture, 16a) a profit-maximizing monopoly, what quantity of output would maximize revenue? A: 1 B: 2 C: 3 D: 4 E: 5 8 7 6 5 4 ATC=MC 3 2 1 MR P=D 0 1 2 3 4 5 6 7 8 9 10 Quantity (millions)
Afirm's marginal revenue of MR = 200-24, and marginal cost of MC = 50. The profit-maximizing level of output is O 50 O 75 200 O 150
Based on the table below, what is the profit maximizing level of output for the monopoly firm assuming that the firm is earning a positive economic profit? Price Quantity Marginal Cost $15 1000 $3 14 2000 4 13 3000 5 12 4000 6 11 5000 7 10 6000 8 a. 1000 units b. 2000 units c. 3000 units d. 5000 units e. 6000