Answer
Option 3
P3
The firm produces at MC=MR
where
Q=Q3 and the firm charge price at the output level from the demand
curve P=P3
MC ATC Dollars MR Q₂ Q, Q₂ Quantity Use the above figure. The profit-maximizing price will...
Price ATC MC $50 $28 $18 MR: D 50 75 Quantity What are the profit-maximizing price and quantity? $50 & 50 $18 & 50 O $28 & 50 O $28 & 75
Question 47 (3 points Dollars MIC ATC Pt P4 Ps Quantity of Output MR The profit-maximizing price and quantity established by the unregulated monopolist in the above figure are 1) Q1 units of output and a price of P5 2) Q3 units of output and a price of P3. 3) Q1 units of output and a price of P1. 4) Q4 units of output and a price of P4
10. The monopoly firm's profit-maximizing price is: determined for the quantity of output at which MR > MC by the greatest amount. given by the point on the ATC curve for the profit-maximizing quantity. given by the point on the demand curve for the profit-maximizing quantity. found where MR > MC at the monopolist's profit-maximizing quantity of output.
QUESTION 39 Price and cost MC ATC AVC N O P MR Demand RSTU Quantity (per period) The figure above shows different curves for a short-run monopolist. What is the profit-maximizing quantity level? OQ OR Os От Ου
Figure: Profit Maximizing Price, ATC, AVC, and MC (per unit) 91 92 93 94 95 Quantity (per period) Reference: Ref 9-3 if the price in the competitive market is The optimal level of output will be O A. 91; P3 O B. 92; P4 O C. 93; P2 O D.O; P1 O E. None of the above
Price ATC MC MR Quantity This monopolistically competitive firm is currently experiencing if it is operating at the profit-maximizing output. a profit zero economic profits a loss
MC ATC Cost ($ per unit) ONWA0BB 9 10 Quantity The figure above gives the marginal cost (MC) and average total cost (ATC) curves for a firm operating in a perfectly competitive market with a market price of $7. Use this figure to answer the questions below. a. What is the profit maximizing quantity of output? b. When profit is maximized, what is the economic profit?
Use the MR/MC approach and the appropriate graph to show the profit maximizing price and quantity for a firm in monopolistic competition. Assume that the firm is making economic profits in the short-run. Explain what happens to the economic profits in the long-run.
Price and cost per unit $30 MC ATC 24 22 20.80 20 18 Demand MR 62 83 104 Quantity Where is the profit-maximizing quantity and price for the monopoly represented above (1 point) a. b. Where is the profit-maximizing quantity and price if this monopoly where a perfect competition instead? (1 point) What is consumer surplus if this were a perfect competition instead (0.5 point) d. What is the gain in producer surplus under the monopoly? (0.5 point) What is...
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...