(Table: Profit-Maximizing Monopolist) Refer to the table. When this monopolist sells 8 units, its average cost and marginal cost per unit levels are: Price ($) Quantity (Units) Total Cost ($) Average Cost ($) Average Revenue ($) Marginal Cost ($) Marginal Revenue ($) 11  6  17          10  7  19          9  8  21          8  9  23          7  10  25              $2.63 and $2, respectively.   $2.63 and $4, respectively.   $2.56 and $4, respectively.   $2.56 and $2, respectively.

Tangy Tangerines is a monopolistic firm in the market for tangerines. The following equations describe the demand for, and the cost of producing tangerines, where Q is output measured in thousand pounds, and P is price per pound. Demand: P 59-3Q Marginal Cost: MC = 3 + Q Total Cost: TC = 4 + 3Q+0.50² The monopolist will charge what price and earn what profit? Price $35 and Profit-$220 thousand. Price $19 and Profit $53 thousand. * Price $8 and Profit=$220 thousand. Price $19 and Profit= $14 thousand.

The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price (dollars) Quantity Demanded $85 79 73 67 61 55 50 150 250 350 450 550 Marginal Revenue (dollars) $85 76 64 1. 250; -$3,625 2. 250; $3,625 3. 350; -$3,625 4. 350; $4625 52 40 28 Marginal Cost (dollars) $25 85 64 61 67 77 Average Total Cost (dol $139.00 103.30 87.50 80.00 77.00 77.00 The monopolist's profit-maximizing level of output is...................its and the monopolist's profit at the profit maximizing output is....

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6. The following graph shows the demand, marginal revenue, and marginal cost curves for a single-price monopolist that produces a drug that helps relieve arthritis pain.

Refer to the above table. Given the demand and cost schedules, what is the profit maximizing quantity for this monopolist?

In using the graph for a monopolist, with demand, marginal revenue, marginal cost, and average total cost curves, explain how you find the profit maximizing level of output.  (Note that this question asks about OUTPUT.

Refer to the accompanying table, which represents the costs and production for a monopolist. Price Quantity Fixed Cost Variable Cost $20 0 $10   $0 $18 1 $10   $5 $16 2 $10   $8  $14 3 $10 $18   $12 4 $10 $30   $10 5 $10 $44         1) At Q=2, the marginal cost of this firm is $ ____ 2)The profit made by this profit-maximizing firm is $ __

Check my work Problem 11-05 (algo) You are the manager of a monopoly. Your analytics department estimates that a typical consumer's inverse demand function for your firm's product is P=150-40Q, and your cost function is q) = 70Q a. Determine the optimal two-part pricing strategy. Per-unit fee: $ Fixed fee: $ b. How much additional profit do you earn using a two-part pricing strategy compared with charging this consumer a per-unit price?

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.