Question

In a Monopoly market, a firm is a price maker since there are no close substitutes to the product. You are asked to find the companys Profit-Maximization and Social-Optimal points. Fixed Costs remains at $1,000.00. Graph the D, MR, MC, ATC, AFC, and AVC on one graph. Calculate the revenue, costs, and profits. TC TR TVC 0 АТС AVCAFCMC MR 0 199.99 $1,000 o 10 $189.99 3,000 1,899.9 2,000 300200100200 189.99 20 $179.99 $4,000 3,599.8 3,000 200 30 $169.99 5,000 5,099.7 4,000 166.67133.33 33.33 100149.99 40 $159.99 $7,000 6,399.6 6,000 175 50 $149.99 9,500 7,499.5 8,500 190 170 20 250109.99 50 100 169.99 150 25 200 129.99

I need help calculating the revenue and costs.

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