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Business, 18.12.2019 20:31 Bubbyd121503

Suppose a profit-maximizing monopolist is producing 1100 units of output and is charging a price of $55.00 per unit. if the elasticity of demand for the product is -1.5, find the marginal cost of the last unit produced. the marginal cost of the last unit produce is $ is the firm's percentage markup of price over marginal cost? the firm's percentage markup of price over marginal cost is percent. (enter your response rounded to two decimal places.)suppose that the average cost of the last unit produced is $12.00 and the firm's fixed cost is $2000. find the firm's profit. the firm's profit is $ your response rounded to two decimal places.)

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