Q1 units of output.
Explanation :
Firm produces where MR=MC to maximise the profit. Here at quantity Q1 Marginal revenue equals marginal cost. So firm will produce Q1 unit of output.
The figure below shows the revenue and cost curves for a profit-maximizing monopolist. Based on the...
The following table shows demand and marginal cost for a monopolist. Calculate marginal revenue (MR) at each quantity. (Enter your response as an integer.) Output (units) (Q) Price per Unit (P) Marginal Revenue Marginal (MR) Cost (MC) 0 10 9 1 2 8 2 3 7 3 4 6 4 5 5 5 A profit-maximizing monopolist will produce units and set a price of $
The figure at right shows the demand curve, marginal revenue curve, and cost curves for a monopolist. 100- To the nearest unit, the profit-maximizing quantity for the 90- units. monopolist is 80- MC To the nearest dollar, the profit-maximizing price for the 70- monopolist is $ 60+ ATC To the nearest dollar, total revenue for the monopolist is $ 50- and total cost is $ 40+ 30- To the nearest dollar, the monopolist's profit is $ 20- D 10- MR:...
Question 43 2 pts The figure below shows the cost and revenue curves for a monopolist. The maximum profit eamed by the non-discriminating monopolist is Figure 9.5 MC -- $8.66 6.66- 4.60 2.00 --- MR 0/ $14 -$8 $0 $54 $46.62
draw a graph depicting the MR, MC and demand curves for the monopolist. label the profit-maximizing quantity of output and the price the monopolist will charge
The table below shows the demand and cost data for a monopolist in a small town (a) Fill in the missing columns. (b) What output will the monopolist produce? (c) What price will the monopolist charge? (d) What total profit will the monopolist receive at the profit-maximizing level of output? (e) Draw the demand curve for the monopolist's product, the MR curve and the MC curve for the firm. You may draw it freehand and submit the photo. quantity price...
1) The profit maximizing output for this monopolist is ________ units (numeric). 2) The profit maximizing price this monopolist will charge is $ _______(Numeric). 3) The total revenue (TR) this monopolist will receive when it maximizes its profit is $ _______(Numeric). 4) The average total cost (ATC) this monopolist will experience when it maximizes its profit is $ _______(Numeric). 5) The total cost (TC) this monopolist will experience when it maximizes its profit is $ _______(Numeric). 6) This monopolist earns...
Per Unit Costs Cost per Unit (5) Q, QQ Output Quantity What is the profit-maximizing price and level of output for the monopolist? Price=P1 Quantity=Q1 Price=P3 & Quantity=Q3 Price=P4 & Quantity=Q1 Price=P2 & Quantity=Q1 O Price=P3 & Quantity=Q1 Question 7 (1 point) Per Unit Costs Cost per Unit (5) Q, QO Output Quantity What area shows the deadweight loss to society resulting from the monopolist's output decision? Area: D,B,F Area: P4, P3, D, F O Area: P2, P1, B, E...
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
QUESTION 3 Marginal Revenue ($) Marginal Cost (5) Revenue (5) Table: Profit-Maximizing Monopolist Price Quantity Total Average ($) (Units) Cost ($) Cost ($) 11 6 17 10 7 19 9 8 21 8 9 23 17 10 25 Reference: Ref 13-2 (Table: Profit-Maximizing Monopolist) Refer to the table. The profit-maximizing quantity for this monopolist is units O A7 OB.9 OC. 10 D.8
Graph shows the cost and revenue information for Shitotsu the monopolist. What are the levels of price, output, total (sales) revenue, and total profits if the monopolist were to produce at the positions (a) through (d) indicated in table below? MR DEAR MC AC Costs and revenues (25,7) 4 8 12 16 20 24 28 Quantity per period Total Revenue ($) Total Profits ($) Price($) Output a. Total revenue maximization b. Profit-maximization c. Socially optimum price d. Fair-return price