ok st nces The following table shows the cost and revenue data for Molly the monopolist. Total Revenue Marginal Cost Quantity per Period 0 1 2 3 4 5 6 1 B 9 Price $30 30 29 28 27 26 25 24 22 20 $ 0 30 58 84 108 130 150 168 176 180 Marginal Revenue $ $ 27 20 20 9 22 23 24 27 27 Total Cost $5 32 52 72 83 105 128 152 206 a. Complete the table above. b. What are Molly's profit-maximizing output and price, and what will be the amount of her profit? Output: Price:$ Profit: $

ok st nces The following table shows the cost and revenue data for Molly the monopolist. Total Revenue Marginal Cost Quantity per Period 0 1 2 3 4 5 6 1 B 9 Price $30 30 29 28 27 26 25 24 22 20 $ 0 30 58 84 108 130 150 168 176 180 Marginal Revenue $ $ 27 20 20 9 22 23 24 27 27 Total Cost $5 32 52 72 83 105 128 152 206 a. Complete the table above. b. What are Molly's profit-maximizing output and price, and what will be the amount of her profit? Output: Price:$ Profit: $

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter3: Demand Analysis

Section: Chapter Questions

Problem 1.7CE

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