Refer to the data for a nondiscriminating monopolist. At its profit-maximizing output, this firm's total costs will be $198. Ⓒ$300. Ⓒ$126. Ⓒ$248.

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter9: Monopoly
Section: Chapter Questions
Problem 33P: Draw a monopolists demand curve, marginal revenue, and marginal cost curves. Identify the...
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Total Output
1
2
3
4
5
6
7
8
9
10
$198.
$300.
$126.
*
$248.
Price
$100
90
80
70
60
50
40
30
20
10
Marginal
Revenue
$ 100
80
60
40
20
0
-20
-40
-60
-80
Average Total
Cost
Refer to the data for a nondiscriminating monopolist. At its profit-maximizing output, this firm's
total costs will be
$ 100.00
63.00
52.67
49.50
49.60
50.00
52.29
55.75
60.67
67.60
Marginal Cost
$30
26
32
40
50
52
66
80
100
130
Transcribed Image Text:Total Output 1 2 3 4 5 6 7 8 9 10 $198. $300. $126. * $248. Price $100 90 80 70 60 50 40 30 20 10 Marginal Revenue $ 100 80 60 40 20 0 -20 -40 -60 -80 Average Total Cost Refer to the data for a nondiscriminating monopolist. At its profit-maximizing output, this firm's total costs will be $ 100.00 63.00 52.67 49.50 49.60 50.00 52.29 55.75 60.67 67.60 Marginal Cost $30 26 32 40 50 52 66 80 100 130
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