A monopolist's maximized rate of economic profits is $400 per week. Its weekly output is 200 units, and at this output rate, the firm's marginal cost is $19 per unit. The price at which it sells each unit is $34 per unit. At these profit and output rates, the firm's average total cost is $ (Enter your response as a whole number.) At these profit and output rates, the firm's marginal revenue is $(Enter your response as a whole number)

A monopolist's maximized rate of economic profits is $400 per week. Its weekly output is 200 units, and at this output rate, the firm's marginal cost is $19 per unit. The price at which it sells each unit is $34 per unit. At these profit and output rates, the firm's average total cost is $ (Enter your response as a whole number.) At these profit and output rates, the firm's marginal revenue is $(Enter your response as a whole number)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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