Dreher'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 ($) 0 1 2 3 4 5 6 7 Total Cost Marginal 8 100 140 184 230 280 335 395 475 575 Cost REVENUES Quantity Demanded ($) 0 1 2 3 4 5 6 7 Price 8 170 160 150 140 130 120 110 100 95 Total Revenue Marginal Revenue

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)

Q28

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.

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.

Multiple Choice pervey $10 for its product. $12 for its product $16 for its product. $8 for its product.

Table 15-6  A monopolist faces the following demand curve:  Quantity  Price 1  $15 2  $12 3  $9 4  $6 5  $3 30. Refer to Table 15-6. What is the marginal revenue from the sale of the 3rd unit?  -$3  $3  $9  $24

MC ATC P2 P3 P4 MR Q, Q2 Quantity In the figure above, if the monopolist maximizes profit, how many units of output will be sold and at what price? Quantity = Q2, Price = P1 Quantity = Q1, Price = P3 Quantity = Q1, Price = P4 Quantity = Q2, Price = P2 Quantity = Q1, Price = P1 Price

Given the following Demand information for a Monopolist, calculate total revenue and marginal revenue for each price and quantity combination:  Price Quantity Total Revenue Marginal Revenue $6.00 1     $5.00 2     $4.00 3     $3.00 4     $2.00 5

The Mamas and the Papas, a monopolist, faces a constant marginal cost of $3 of producing cashews. If it believes the elasticity of demand for cashews is -4, calculate the price it should charge for its product.