The table below shows the marginal revenue and costs for a monopolist.Demand, Costs, and RevenuesPrice(dollars)QuantityDemanded$1302001203001104001005009060080700$50,000O $80,000$10,000Marginal Revenue Marginal Cost Average Total Cost(dollars)(dollars)(dollars)$110$25$139.0032103.304087.505080.006277.007777.00What is the monopolist's profit at the profit-maximizing level of output?O $09070503010

Profit maximization for a monopoly means calculating the quantity to produce where marginal cost…

The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Quantity Price (dollars) Demanded $130 200 300 400 500 600 700 120 110 100 90 80 Marginal Revenue (dollars) $110 90 70 50 30 10 $50,000 $80,000 O $10,000 O $0 Marginal Cost Average Total Cost (dollars) (dollars) $25 $139.00 32 103.30 40 87.50 50 80.00 62 77.00 77 77.00 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 Quantity Price (dollars) Demanded $130 200 300 400 500 600 700 120 110 100 90 80 Marginal Revenue (dollars) $110 90 70 50 30 10 $50,000 $80,000 O $10,000 O $0 Marginal Cost Average Total Cost (dollars) (dollars) $25 $139.00 32 103.30 40 87.50 50 80.00 62 77.00 77 77.00 What is the monopolist's profit at the profit-maximizing level of output?

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter9: Monopoly

Section: Chapter Questions

Problem 8SQ

See similar textbooks

Similar questions

Help me please
Demand and Cost facing Monopolist Total Total Marginal Marginal Total Price Quantity Variable Profit Revenue Revenue Cost Cost Cost $10 10 $30 $9 20 $50 $8 30 $60 $7 40 $80 $6 50 $110 $5 60 $150 $4 70 $210 $3 80 $290 $2 90 $390
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.
The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price (dollars) Quantity Demanded $85 79 73 67 61 55 50 150 250 350 450 550 Marginal Revenue (dollars) $85 76 64 1. 250; -$3,625 2. 250; $3,625 3. 350; -$3,625 4. 350; $4625 52 40 28 Marginal Cost (dollars) $25 85 64 61 67 77 Average Total Cost (dol $139.00 103.30 87.50 80.00 77.00 77.00 The monopolist's profit-maximizing level of output is...................its and the monopolist's profit at the profit maximizing output is....
Multiple Choice pervey $10 for its product. $12 for its product $16 for its product. $8 for its product.
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
45 Marginal Marginal Revenue Output Total Total Total (Q) Price Revenue Cost Profit Cost E of 20 $25.00 $500 $650 $15 $5 40 $20.00 $800 $750 $5 60 $15.00 $900 $950 $15 80 $10.00 $800 $1,250 The table above shows revenue and cost information at four different Output (Q) levels for a Monopolist. If the Monopolist increases its Output from 60 to 80, Marginal Revenue (MR) is Select one: a. - $15 b. - $5 c. $15 d. $5
The table below shows the demand and total revenue for a monopolist. Fill in the "Marginal Revenue" column for the various prices and quantities. Instructions: Enter your answer as a whole number. If you are entering a negative number include a minus sign. Demand and Revenues Price (dollars) Quantity Demanded Total Revenue (dollars) Marginal Revenue (dollars) $250 0 $0 — 225 20 4,500 $ 200 40 8,000 175 60 10,500 150 80 12,000 125 100 12,500 100 120 12,000
43 Output Total Total Total Marginal Marginal (Q) Price Revenue Cost Profit Revenue Cost i of 20 $25.00 $500 $650 $15 $5 40 $20.00 $800 $750 $5 60 $15.00 $900 $950 $15 80 $10.00 $800 $1,250 The table above shows revenue and cost information at four different Output (Q) levels for a Monopolist. If the Monopolist increases its Output from 40 to 60, Marginal Revenue (MR) is Select one: a. equal to MC. b. greater than MC. c. greater than Price. d. less than Price.
Currently a monopolist's profit maximizing output is 400 units per week and it sells output at price of $60 per unit. The total cost of the form are $10,000 per week. The firm is maximizing it's profit and it earns $40 in extra revenue from the sale of the last unit. Calculate the profit.
(Figure: Electricity Generation). What is this monopolist's maximum profit? Group of answer choices $300 $400 $1000 $810
Dreher's Designer Shirt Company, a monopolist, has the following cost and revenue information. What is the marginal revenue from selling the 5th shirt? COSTS Quantity Produced ($) 1 2 3 4 5 6 7 8 $120 Total Cost Marginal $110 100 140 184 230 280 335 395 475 575 Cost REVENUES Quantity Demanded ($) 0 1 2 3 4 5 6 7 8 Price 170 160 150 140 130 120 110 100 95 Total Revenue Marginal Revenue