Q | P | TFC | TVC | TR | TC | MC | MR |
0 | 3.5 | 150 | 0 | 0 | 150 | ||
100 | 3.25 | 150 | 250 | 325 | 400 | 2.5 | 3.25 |
200 | 3 | 150 | 450 | 600 | 600 | 2 | 2.75 |
300 | 2.75 | 150 | 650 | 825 | 800 | 2 | 2.25 |
400 | 2.5 | 150 | 815 | 1000 | 965 | 1.65 | 1.75 |
500 | 2.25 | 150 | 1010 | 1125 | 1160 | 1.95 | 1.25 |
600 | 2 | 150 | 1230 | 1200 | 1380 | 2.2 | 0.75 |
700 | 1.75 | 150 | 1455 | 1225 | 1605 | 2.25 | 0.25 |
The monopolist would set MC=MR for profit maximization
it would produce Q = 400 units at P = 2.5
Can someone explain the steps to why this is the answer? SCOPUHU UI IPL IU OF...
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