subject
Business, 06.02.2020 01:42 awkwardkid0123

Suppose a pure monopolist is faced with the cost data shown in the table above and a demand schedule shown on below.
calculate the missing total-revenue and marginal-revenue amounts.
instructions: enter only whole numbers in the table below. if you are entering a negative number, be sure to include a negative sign in front of that number.

production and costs
total average average average marginal
product fixed cost variablecost total cost cost

0 na na na na
1 $60.00 $45.00 $105.00 $45
2 30.00 42.50 72.50 40
3 20.00 40.00 60.00 35
4 15.00 37.50 52.50 30
5 12.00 37.00 49.00 35
6 10.00 37.50 47.50 40
7 8.57 38.57 47.14 45
8 7.50 40.63 48.13 55
9 6.67 43.33 50.00 65
10 6.00 46.50 52.50 75

price quantity demanded total revenue marginal revenue
$115 0 $ na 100 1 $ 83 2
71 3
63 4
55 5
48 6
42 7
37 8
33 9
29 10

a) what is the profit-maximizing price?
b) what is the profit-maximizing quantity?
c) what is the monopolist’s profit?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 17:40
Anne is comparing savings accounts. one account has an interest rate of 1.2 percent compounded yearly, and one account has an interest rate of 1.2 percent compounded monthly. which account will earn more money in interest? the account that earns 1.2 percent compounded yearly the account that earns 1.2 percent compounded monthly
Answers: 2
question
Business, 22.06.2019 04:00
Match the type of agreements to their descriptions. will trust living will prenuptial agreement
Answers: 2
question
Business, 22.06.2019 10:10
Karen is working on classifying all her company’s products in terms of whether they have strong or weak market share and whether this share is in a slow or growing market. what type of strategic framework is she using?
Answers: 2
question
Business, 22.06.2019 19:00
Question 55 ted, a supervisor for jack's pool supplies, was accused of stealing pool supplies and selling them to friends and relatives at reduced prices. given ted's earlier track record, he was not fired immediately. the authorities decided to give him an administrative leave, without pay, until the investigation was complete. in view of the given information, it would be most appropriate to say that ted was: demoted. discharged. suspended. dismissed.
Answers: 2
You know the right answer?
Suppose a pure monopolist is faced with the cost data shown in the table above and a demand schedule...
Questions
question
Geography, 12.07.2019 05:00
Questions on the website: 13722363