Currently, a monopolist’s profit-maximizing output is 200 units per week. It sells its output at a...
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Currently, a monopolist’s profit-maximizing output is 200 units per
week. It sells its output at a...
Currently, a monopolist's profit-maximizing output is 200 units per week. It sells its output at a...
Currently, a monopolist's profit-maximizing output is 200 units per week. It sells its output at a price of $60 per unit and collects $30 per unit in revenues from the sale of the last unit produced each week. The firm's total costs each week are $7500. Given this information, the firm's maximized weekly economic profits are What is the firm's marginal cost? $ c. What is the firm's average total cost? (Enter your response as a whole number.)
Currently, a monopolist's profit-maximizing output is 300 units per week. It sells its output at a...
Currently, a monopolist's profit-maximizing output is 300 units per week. It sells its output at a price of $65 per unit and collects $45 per unit in revenues from the sale of the last unit produced each week. The firm's total costs each week are $8,500. Given this information, the firm's maximized weekly economic profits are $ What is the firm's marginal cost? $ c. What is the firm's average total cost? (Enter your response as a whole number.)
Connect Problem CP 12-7 (algo) Currently, a monopolist's profit-maximizing output is 400 units per week and...
Connect Problem CP 12-7 (algo) Currently, a monopolist's profit-maximizing output is 400 units per week and it sells its output at a price of $60 per unit. The firm's total costs are $10,000 per week. The firm is maximizing its profit, and it earns $40 in extra revenue from the sale of the last unit produced each week. Instructions: Enter your answers as whole numbers a. What are the firm's weekly economic profits? b. What is the firm's marginal cost?...
A monopolist's maximized rate of economic profits is $1,400 per week. Its weekly output is 700...
A monopolist's maximized rate of economic profits is $1,400 per week. Its weekly output is 700 units, and at this output rate, the firm's marginal cost is $36 per unit. The price at which it sells each unit is $51 per unit. At these profit and output rates, the firm's average total cost is $49. (Enter your response as a whole number.) At these profit and output rates, the firm's marginal revenue is $____. (Enter your response as a whole...
A monopolist's maximized rate of economic profits is $1,400 per week. Its weekly output is 700...
A monopolist's maximized rate of economic profits is $1,400 per week. Its weekly output is 700 units, and at this output rate, the firm's marginal cost is $23 per unit. The price at which it sells each unit is $33 per unit. At these profit and output rates, the firm's average total cost is $ (Enter your response as a whole number.) At these profit and output rates, the firm's marginal revenue is $ (Enter your response as a whole...
A monopolist's maximized rate of economic profits is $400 per week. Its weekly prioe at which...
A monopolist's maximized rate of economic profits is $400 per week. Its weekly prioe at which it sells each unit is $34 per unit output is 200 units, and at this output rate, the firm's marginal cost is $19 per unit. The A these proft and output rates, the firm's average total cost is sl (Enter your response as a whole number) At these p At these profit and output rates, th frm's marginal revenue is I-(Enter your response as...
Bouc Amonopols macimized rate of economic profits is $300 per week its weekly output 300 un,...
Bouc Amonopols macimized rate of economic profits is $300 per week its weekly output 300 un, and at this output rote the firm's marginal cost $24 per unit. The price at which so At these profit and put the firm's verge total cost Enter your de s a whole number each unit is $30 per unit.
Q2: The demand for a single-price monopolist’s product is Q = 60 – 2P where Q...
Q2: The demand for a single-price monopolist’s product is Q = 60 – 2P where Q is measured in units and P is measured in $/unit. a) At which price is the demand for the monopolist’s product unit elastic? b) At which prices is the demand for the monopolist’s product elastic? c) At which prices is demand for the monopolist’s product inelastic? d) Suppose the monopoly is currently producing and selling 50 units of output. What price must the monopoly...
please answer asap This Question: 1 pt 14 of 48 (11 complete) This Test A monopolist's...
please answer asap
This Question: 1 pt 14 of 48 (11 complete) This Test A monopolist's maximized rate of economic profits is $200 per week. Its weekly output is 200 units, and at this output rate, the firm's marginal cost is $25 per unit. The price at which it sells each unit is $40 per unit. Al these profit and output rates the firm's average total cost is $(Enter your response as a whole number) At these profit and output...
To maximize profit, a price taker will expand its output as long as the sale of...
To maximize profit, a price taker will expand its output as long as the sale of additional units adds more to revenues (marginal revenues) than to costs (marginal costs). Therefore, the profit-maximizing price taker will produce the output level at which marginal revenue (and price) equals marginal cost. In a price-taker market, if a business produces efficiently (i.e., that is, where marginal revenues = marginal costs), the firm will be able to make at least a normal profit. True of...
Connect Problem CP 12-7 (algo) Currently, a monopolist's profit-maximizing output is 400 units per week and it sells its output at a price of $60 per unit. The firm's total costs are $10,000 per week. The firm is maximizing its profit, and it earns $40 in extra revenue from the sale of the last unit produced each week. Instructions: Enter your answers as whole numbers a. What are the firm's weekly economic profits? b. What is the firm's marginal cost?...
A monopolist's maximized rate of economic profits is $1,400 per week. Its weekly output is 700 units, and at this output rate, the firm's marginal cost is $23 per unit. The price at which it sells each unit is $33 per unit. At these profit and output rates, the firm's average total cost is $ (Enter your response as a whole number.) At these profit and output rates, the firm's marginal revenue is $ (Enter your response as a whole...
A monopolist's maximized rate of economic profits is $400 per week. Its weekly prioe at which it sells each unit is $34 per unit output is 200 units, and at this output rate, the firm's marginal cost is $19 per unit. The A these proft and output rates, the firm's average total cost is sl (Enter your response as a whole number) At these p At these profit and output rates, th frm's marginal revenue is I-(Enter your response as...
Bouc Amonopols macimized rate of economic profits is $300 per week its weekly output 300 un, and at this output rote the firm's marginal cost $24 per unit. The price at which so At these profit and put the firm's verge total cost Enter your de s a whole number each unit is $30 per unit.
please answer asap
This Question: 1 pt 14 of 48 (11 complete) This Test A monopolist's maximized rate of economic profits is $200 per week. Its weekly output is 200 units, and at this output rate, the firm's marginal cost is $25 per unit. The price at which it sells each unit is $40 per unit. Al these profit and output rates the firm's average total cost is $(Enter your response as a whole number) At these profit and output...
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