Ans) average total cost is $ 39
Profit= ( Price - ATC) * quantity
200 = ( 40 - ATC) * 200
40 - ATC = 1 implies ATC = 39
Ans) marginal revenue is $ 25
At Profit maximization, MR = MC
please answer asap This Question: 1 pt 14 of 48 (11 complete) This Test A monopolist's...
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...
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 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...
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 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.)
11 of 50 (9 This Test: 50 pts possib profits is $1,200 per wook. lis weekly output is 400 units, and at this output rate, the frm's marginal cost is $32 per unit. The price at which it sells each unit is 44 per unit. t these profit and output rates, the firm's average total cost is $(Enter your response as a whole numbor.) t these profit and output rates, the ms
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?...
please answer asapp
This Question: 1 pt 1 of 48 (1 complete) This Test: 48 pts p Because it faces a downward sloping demand curve, a monopolist is a price taker O A True B False Profit maximazation for a monopolist and a perfect competitor occurs where marginal revenue equals marginal cost. At this profit-maximizing output, the monopolist will charge a price competitor will charge a price marginal revenue marginal revenue and a perfect O A equal to greater than...
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.
31 of 50 (36 complete) This Question: 1 pt Suppose that the distribution of sales within an industry is as shown in the following table: Share of Total Market Sales 15 14 12 Firm 10 10 13 100% All others Total There are 13 "All others" in the industry in the above table, each of which has a share of sales equal to 1 percent. The value of the Herfindahl-Hirschman Index for this industry isEnter your response as a whole...