Consider a monopolist with the following demand curve. Price:                            24,  22 ,  20,  18,  16,  14,  12,  10,  8,  6 Quantity Demanded:      1,  2,  3,  4,  5,  6,  7,  8,  9,  10 [All answers are integers with no units.] 1.If this firm has a marginal cost of $12 per unit, how many will they produce? 2.What will their profit be? 3.What will consumer surplus be? (Rectangle method!)  4.What is the efficient quantity?

Consider the following cost and demand information for a monopolist. Demand is Qm = 34 - 1*Qm,    Total Cost is TC = 20 + 2*Qm + .5*Qm2. At the profit-maximizing quantity, marginal revenue and marginal cost are equal to $........?

The figure shows the demand curve faced by a monopolist. What is the price effect of a price increase from $3 to $5? OA. $800 OB. $400 OC. $1,000 OD. $200 C Price (5) 10 9 8 17 6 3 2 1 0 100 200 300 400 500 600 700 800 900 Quantity (units)

Suppose that a monopolist calculates that at its present output level, marginal cost is $4.00 and marginal revenue is $4.00. The firm could increase profits by Multiple Choice increasing price and decreasing output. increasing price and maintaining its current output. decreasing price and leaving output unchanged. decreasing output and leaving price unchanged.

A monopolistically competitive firm faces the following demand curve for its product: Price ($) 10 6. 8. 17. 6. 3 2 1 Quantity 4 6. 8. 10 12 14 16 18 20 Refer to the Table. The firm has total fixed costs of $20 and a constant marginal cost of $9 per unit. How many units will the firm produce? "Don't leave spaces before, after or in between your number.

QUESTION 26 A pure monopolist is selling eight units at a price of $20. If the marginal revenue of the ninth unit is $2, then the firm's demand curve is perfectly elastic.. price of the ninth unit is greater than $20. price of the ninth unit is $18. price of the ninth unit is $19.

Suppose a monopolist is currently producing where its variable costs are $1 million. Its fixed costs are $1.5 million. Its revenues are $1.2 million. Should the firm shut down in the short run? Should it leave the industry in the long run?   a no; yes b no; no c yes; yes d yes; no

Assume someone organizes all farms in the nation into a single-price monopoly. As a result, the amount of food produced increases remains constant decreases

Refer to the figure above. The profit-maximizing  price for the monopolist is:     $7     $8     $6     $5

monopolist has demand and cost data given in the table below. The 'P' column gives the demand data -- what is the maximum amount the firm can charge to sell the associated quantity Q? The 'TC' column gives the total cost of producing that level of quantity Q. Q P TC 0 17 10 1 15 15 2 13 19 3 11 23 4 9 27 5 7 32 6 5 38 7 3 46 1. What is the marginal profit of the 1st unit? 2. How many units should this firm produce to maximize profit? No hand written solution and no image