pls send me answer of this question of both parts in details and i will rate you. 24The table below shows the marginal revenue and costs for a monopolist.Demand, Costs, and RevenuesPrice(dollars)QuantityDemanded150250350450550650$847668605244Marginal Revenue(dollars)$8464units4832160Marginal Cost(dollars)$25se48942946Average Total Cost(dollars)$139.00103.3087.5089.0078.0073.00Instructions: Enter your answer as a whole number. If you are entering a negative number include a minus sign.a. What is the monopolist's profit-maximizing level of output?b. What is the monopolist's profit at the profit-maximizing level of output?HelpSav

A monopolist is a market participant that has exclusive control over the production and sale of a…

The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price Quantity (dollars) Demanded $84 150 250 76 68 60 52 44 350 450 550 650 units Marginal Revenue (dollars) $84 64 48 32 16 @ Marginal Cost (dollars) $25 50 48 94 29 46 M Average Total Cost (dollars) $139.00 103.30 87.50 89.00 78.00 WWW 73.00 Instructions: Enter your answer as a whole number. If you are entering a negative number include a minus sign a. What is the monopolist's profit-maximizing level of output? b. What is the monopolist's profit at the profit-maximizing level of output?

The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price Quantity (dollars) Demanded $84 150 250 76 68 60 52 44 350 450 550 650 units Marginal Revenue (dollars) $84 64 48 32 16 @ Marginal Cost (dollars) $25 50 48 94 29 46 M Average Total Cost (dollars) $139.00 103.30 87.50 89.00 78.00 WWW 73.00 Instructions: Enter your answer as a whole number. If you are entering a negative number include a minus sign a. What is the monopolist's profit-maximizing level of output? b. What is the monopolist's profit at the profit-maximizing level of output?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter9: Monopoly

Section: Chapter Questions

Problem 29CTQ: Imagine that you ale managing a small firm and thinking about entering the market of a monopolist....

See similar textbooks

Similar questions

Refer to the graph shown of a profit-maximizing monopolist: $100 $90 MC $80 $70 $60 $50 Price, cost, revenue D 7000 14000 21000 12000 Question: What is the monopolist's economic profit(loss) at the profit-maximizing level of output? O-$280,000 O $0 $140,000 $840,000 O -$140,000 0 /AC MR
C Answer the next question(s) Demand Data Price $5.50 5.00 4.50 3.85 3.35 2.90 2.50 Quantity demanded C. $3.35. D. $4.50. 5769CAW 4 8 on the basis of the following demand and cost data for a pure monopolist: Cost Data Output 3456789 Total cost $5 6 6.50 7.50 9 11 14 38. Refer to the above data. The profit-maximizing price for the monopolist will be: A. $5.00. B. $2.90.
Figure 94 Monopolist (dollars) 10 8 6 0 Quantity MC Refer to Figure 94. Suppose that the profit-maximizing/loss minimizing level of output is 40 units per day and the average fixed cost and average variable cost of producing this amount is $4 $7, respectively. (a) What is the total cost of producing 40 units per day? Show your work. (b) What is the total profit earned/loss incurred by producing 40 units per day? Show your work. (c) What price will the firm charge to maximize profit or minimize loss? (d) Should the firm shut down or continue to produce in the short run? Explain.
Help me please
=b10| || || phphattempt 631066&cmid=55726&page-31 $25 4 aaa $5 S Select one Ob $50 O $500 04 $1,000 888 The diagram above shows the demand and cost curves for a market that could either be a monopoly or perfectly competitive in Long Fun Equilibrium the market a onopoly Deadweight Loss DWL) would be R F % 5 V T 200 300 400 500 600 Output 10) G M 6 B MacBook Air PR LAATC LMC Y Demand P H &7 U N 8 61 M W DI K GTE " O 1 Next 0 V L
Figure 6 Price $95 and cost per unit 70 59 35 20 panja 580 835 MR 1740 2204 ATC MC D Quantity 12) Refer to Figure 6 to answer the following questions. a) What quantity will this monopoly produce and what price will it charge? b) Suppose the monopoly is regulated. If the regulatory agency wants to achieve economic efficiency, what price should it require the monopoly to charge? c) To achieve economic efficiency, what quantity will the regulated monopoly produce? d) Will the regulated monopoly make a profit if it charges the price that will achieve economic efficiency? e) Suppose the government decides to regulate the monopoly by imposing a price ceiling of $35. What quantity will the monopoly produce and what price will the monopoly charge? f) With the price ceiling of $35, what profit will the monopoly earn?
Please refer to th graph attached. The graph shows the Demand, Marginal Revenue, Average Total Cost, Average variable Costs and Marginal Cost curves for a monopolist. (a) What is the profit maximizing/ loss minimizing quantity of output and what is the maximum price the monopolist can charge? (b) Is this monopolist making economic profit or economic loss? How do you know? Explain please. (c) Calculate the firms profit or loss and show the economic profit/loss on the graph.
Imagine that you ale managing a small firm and thinking about entering the market of a monopolist. The monopolist is currently charging a high price, and you have calculated that you can make a nice profit charging 10 less than the monopolist. Before you go ahead and challenge the monopolist, what possibility should you consider for how the monopolist might react?
Why are generic pharmaceuticals significantly cheaper than name brand ones?
Exercise A.3 Compare the competitive equilibrium with that of the first-degree price discriminating monopolist. Indicate the similarities and differences that exist in prices, quantities produced, consumer surplus and loss of efficiency between both situations. Represent graphically assuming that the marginal cost is constant
28 $55 $50 $45 MC АТС I of $40 $35 $30 $25 $20 Demand = P $15 $10 $5 $0 MR 40 80 120 160 200 240 Output (Q) The diagram above shows the Demand, MR, and cost curves for a monopolist in the short-run. At the profit maximizing Output (Q) level, the monopolist will earn a Total Profit of: Sel one: а. $1,200 b. $2,200 c. $800 d. $2,000 $$
Question Maxin Suppose a monopolist could charge a different price to every customer based on how much he or she were willing and able to pay (versus charging the same price to all their customers). How would this affect the monopolist's profits? Why? Description Answer eacho Use the editor to format your answer 10 Roints