There is some error in either MR,MC or options. Either the question is wrong or you have done some mistake while noting the question.
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oiven cost the marginal revenue, marginal and fixed cost : MR = 1600-8Q MC = 4Q...
1. A monopoly is facing an inverse demand curve that is p=200-5q. There is no fixed cost and the marginal cost of production is given and it is equal to 50. Find the total revenue function. Find marginal revenue (MR). Draw a graph showing inverse demand, MR, and marginal cost (MC). Find the quantity (q) that maximizes the profit. Find price (p) that maximizes the profit. Find total cost (TC), total revenue (TR), and profit made by this firm. Find...
The graph below shows a monopolist's demand (D), marginal revenue (MR), marginal cost (MC), and average total cost (ATC) curves. Management wants to adjust the production output quantity to maximize the firm's profits. What quantity should the firm aim for? Give your answer by dragging the Q line to a new position to mark the quantity at which profit is as large as possible. Price and cost ATC MC MR Quantity
A monopolist with constant average and marginal cost equal to 10 (AC = MC = 10) faces demand Q = 100 - 2P, implying that its marginal revenue is MR = 100 - 4Q. Its profit maximizing quantity is Group of answer choices 22.5 45 90 80
The curves show the marginal revenue (MR), marginal cost (MC), and average total cost (ATC) functions for a firm in a competitive market. Use the area tool to draw the area representing the maximum profit the firm could earn—that is, the profit the firm would earn if it produced the optimal quantity. Your answer should be a rectangle drawn with four corners.
The graph below shows the demand (D), marginal revenue (MR), marginal cost (MC), and average total cost (ATC) curves for a hazardous-waste removal firm that operates as a local monopoly. If the market quantity is 400 barrels, use the area tool to draw the rectangle that represents the firm's profits. Your answer should be a rectangle drawn with four corners.
Let P = price, MR = marginal revenue, MC = marginal cost, and ATC = average total cost. In monopolistic competition, which of the following most accurately describes the long-run equilibrium conditions for a firm? Group of answer choices P > ATC, MR = MC, and P > MC P > ATC, MR > MC, and P = MC P = ATC, MR = MC, and P > MC P = ATC, MR = MC, and P = MC P...
1. Suppose that demand is given by P=100-Q, marginal revenue is MR=100-2Q, and marginal cost (and average cost) is constant at 20. a. What single price will maximize a monopolist's profit? b. What will be the prices and quantity under two-part pricing? It involves a lump sum fee (e.g., membership fee) equal to the consumer surplus at competitive prices and user fees (i.e., unit price) equal to the competitive price. c. Now the monopolist has another group of consumers whose...
At a firm's current level of production, marginal revenue is less than marginal cost (MR<MC). A profit- maximizing firm will decrease prices. increase output O decrease output. shut down.
MR, MC, and ATC $12.00 MC $10.00 $8.00 $6.00 $4.00 ATC ATC = $2.75 $2.00 MR P = $1.50 $0.00 0 1 120 20 40 Average Total Cost (ATC) 60 - Marginal Cost (MC) 80 100 R Marginal Revenue (MR) Question 2 of Quiz 4: If the firm maximizes the profit, calculate the profit of the perfectly competitive firm when the price is $1.5, show your calculation. Is that equal to the size of the red rectangle?
The following graph shows the marginal cost (MC), marginal revenue (MR), average total cost (ATC), and demand (D) for a monopolist. Suppose that this monopolist cannot price discriminate. Place the grey point (starymbol) on the graph to indicate the profit-maximizing price and quantity for this monopolist. If the monopolist is making a profitne the green rectangle (triungle symbols) to shade in the area representing its profit. On the other hand, if the monopolist is suffering a loss use the purple...