26. refer to the above data for a monopolist. this firm will maximize its profit by producing:
a. 3 units.
b. 4 units.
c. 5 units.
d. 6 units.

27. refer to the above data for a nondiscriminating monopolist. at its profit-maximizing output, this firm's total profit will be:
a. $82.
b. zero.
c. $54.
d. $27

refer to the above data for a monopolist. this fir

28. refer to the above diagram. to maximize profits or minimize losses this firm should produce:
a. e units and charge price c.
b. e units and charge price a.
c. m units and charge price n.
d. l units and charge price lk.

29. refer to the above diagram. at the profit-maximizing level of output, the firm will realize:
a. an economic profit of abhj.
b. an economic profit of acgj.
c. a loss of gh per unit.
d. a loss of jh per unit.

The winston company estimates that the factory overhead for the following year will be $1,250,000. the company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. the total machine hours for the year were 54,300. the actual factory overhead for the year were $1,375,000. determine the over- or underapplied amount for the year.

Archangel manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on a percentage of direct labor costs. the production details for the year are given below. calculate the manufacturing overhead allocation rate for the year based on the above data. (round your final answer to two decimal places.) a) 42.42% b) 257.14% c) 235.71% d) 1, 206.90% archangel production details.

Consider the local telephone company, a natural monopoly. the following graph shows the monthly demand curve for phone services and the company’s marginal revenue (mr), marginal cost (mc), and average total cost (atc) curves. 0 2 4 6 8 10 12 14 16 18 20 100 90 80 70 60 50 40 30 20 10 0 price (dollars per subscription) quantity (thousands of subscriptions) d mr mc atc 8, 60 suppose that the government has decided not to regulate this industry, and the firm is free to maximize profits, without constraints. complete the first row of the following table. pricing mechanism short run long-run decision quantity price profit (subscriptions) (dollars per subscription) profit maximization marginal-cost pricing average-cost pricing suppose that the government forces the monopolist to set the price equal to marginal cost. complete the second row of the previous table. suppose that the government forces the monopolist to set the price equal to average total cost. complete the third row of the previous table. under average-cost pricing, the government will raise the price of output whenever a firm’s costs increase, and lower the price whenever a firm’s costs decrease. over time, under the average-cost pricing policy, what will the local telephone company most likely do