Asingle‐price monopolist is producing 8,000 units of output. at that level,
price equals $10,...
Business, 13.12.2019 21:31 alexiahall2616
Asingle‐price monopolist is producing 8,000 units of output. at that level,
price equals $10, average total cost equals $12, and average variable cost
equals $8. in addition, both marginal cost and marginal revenue equal $6.
which of the following statements is correct in the short run?
a. the firm is earning total revenues equal to $96,000.
b. the firm could reduce its loss by shutting down.
c. the firm has a loss per unit equal to $4.
d. the firm is minimizing its economic loss at $16,000.
e. the firm is earning an economic profit equal to $16,000.
Answers: 1
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