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- Question 10 On the basis of the information below for a single-price monopolist, what would be the profit maximizing output? Quantity 0 1 2 3 4 5 (A) 5 units (B) 4 units C) 3 units (D) 2 units Price $650 $575 $500 $425 $350 $275 Total Cost $400 $525 $705 $980 $1330 $1830In the diagram below, when the competitive market is taken over by the monopolist, the monopolist is able to enjoy producer surplus in terms of the area(s)_ Dalam rajah di bawah, apabila pasaran kompetitif diambil alih oleh monopoli, monopoli dapat menikmati lebihan pengeluar sebanyak kawasan Price / Harga (P) D C B A C. E BCEH F d. BCEF Lin G QM H Qc SS = MC* MRM a. BCEH minus GFH / BCEH tolak GFH DD = P b. BCEF minus GFH / BCEF tolak GFH Output (Q)Macmillan Learning The accompanying graph depicts the marginal cost (MC), average total cost (ATC), demand, and marginal revenue (MR) curves facing a monopolistically competitive firm. Place point A at the profit-maximizing price and quantity combination for the firm. What is the total profit made by the firm? Profits: $ Price 20 19 18 17 16 15 14 4321098 13 12 11 10 7 6 5 4 3 2 1 0 19.00 MR MC A ATC 17 Demand 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Quantity
- Concept Question 3.15 Question Help The following table shows demand and marginal cost for a monopolist. Calculate marginal revenue (MR) at each quantity. (Enter your response as an integer.) Output (units) (Q) Price per Unit (P) 20 Marginal Revenue (MR) Marginal Cost (MC) 1 18 2 16 4 3 14 6. 12 8 10 10Dreher'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 RevenueYou're the manager of a firm that has constant marginal cost of $6. Fixed cost is zero. The market structure is monopolistically competitive. You're faced with the following demand curve: $12 10 Price 8 6 4 2 0 3 Demand 100 200 300 400 500 600 Quantity Show Transcribed Text a. Determine graphically the profit-maximizing price and output for your firm in the short run. Demonstrate what profit or loss you'll be making. (Please draw a graph) b. What happens in the long run?
- what is monopolistic competition? (50 WORDS)Q21 Answer the question on the basis of the provided demand and cost data for Aphria, a monopolist producing marijuana. Demand Data for Marijuana Cost Data for Marijuana Price Quantity Demanded Output Total Cost $6.25 3 3 $5.00 6.00 4 4 6.00 5.75 5 5 6.50 5.25 6 6 7.50 4.50 7 7 9.00 4.00 8 8 11.00 3.50 9 9 14.00 The profit-maximizing level of output for Aphria will be Multiple Choice 4 units. 7 units. 5 units. $10. 6 units.know how to plot graph and explain price discrimination
- Quantity, price, total revenue, and total cost for a monopoly firm that produces cement are listed in the table below. Quantity, (Q) (tons) Price (P) Total Revenue (TR) Total Cost (TC) 11 $1,000$1,000 $1,000$1,000 $710$710 22 $905$905 $1,810$1,810 $785$785 33 $810$810 $2,430$2,430 $875$875 44 $715$715 $2,860$2,860 $1,070$1,070 55 $620$620 $3,100$3,100 $1,310$1,310 66 $525$525 $3,150$3,150 $1,650$1,650 77 $451$451 $3,160$3,160 $2,290$2,290 Determine the firm's profit-maximizing price. Write the exact answer. Do not round.Quèstion 13 Figure#5 $10 MC ATC $7 $6 $5 $4 $3 $2 $1 MR $0 0 10 20 30 40 50 60 70 80 90 100 Quantity Refer to Figure#5. This figure depicts a situation in a monopolistically competitive market. In long run, how much output will the monopolistic competition produce and will charge at what price? Price 9876 5A32Question 16 Which of the following is true of a monopolist firm, but NOT of a monopolistically competitive firm? A profit-maximizing firm produces a quantity such that marginal revenue equals marginal cost. The firm’s marginal revenue curve is downward sloping and below the price. The firm can make strictly positive profits in the long run. The firm has market power.