The data below relate to a monopolist and the product it produces. If the firm wants to produce where marginal revenue equals marginal cost, what output and price will it choose? Quantity Price per Unit Total Cost 0 $45 $20 1 $43 $35 2 $40 $40 3 $35 $45 4 $30 $52 5 $25 $55 6 $20 $59
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The data below relate to a monopolist and the product it produces. If the firm wants to produce where marginal revenue equals marginal cost, what output and price will it choose?
| Quantity | Price per Unit | Total Cost |
|---|---|---|
| 0 | $45 | $20 |
| 1 | $43 | $35 |
| 2 | $40 | $40 |
| 3 | $35 | $45 |
| 4 | $30 | $52 |
| 5 | $25 | $55 |
| 6 | $20 | $59 |
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- Help me pleaseThe data below relate to a monopolist and the product it produces. If the firm wants to maximize profit, what output and price will it choose? Quantity Price per Unit Total Cost 0 $22 $20 1 $20 $24 2 $18 $27 3 $15 $32 4 $14 $40 5 $12 $49 6 $10 $59 Question 1 options: a) Q=4 : P=$14 b) Q=5 : P=$12 c) Q=2 : P=$18 d) Q=3 : P=$15.In the following table are demand and cost data for a pure monopolist. Complete the table by filling in the columns for total revenue, marginal revenue, and marginal cost. Total revenue Marginal revenue Total cost Marginal cost Quantity Price $34 $ 20 32 36 30 46 28 50 26 54 24 56 22 64 20 80 18 100 16 128 10 14 160 (a) What output will this monopolist produce? (b) What price will the monopolist charge? (c) What total profit will the monopolist receive at the profit-maximizing level of output? (d) Generally, what are the relative values of price, ATC, and AVC when a monopolist experiences: a profit a loss but continues to produce a loss but ceases production |이-234567 8 9 은
- The table below shows a monopolist’s demand curve and the cost information for the production of its good. What will their profits equal? Quantity Price per Unit Total Cost 10 $100 $100 20 $80 $400 30 $60 $800 40 $40 $1,400 50 $20 $2,400 Question 5 options: $1,200 $1,600 $1,000 $600The government of a small developing country has granted exclusive rights to Linden Enterprises for the production of plastic syringes. The table below shows the cost and demand data for this government-protected monopolist. Quantity per Day (cases) 1 2 3 $49.0 $42.0 $47.0 $34.5 5 6 7 8 10 Price per Case $16 15 14 13 12 11 10 7 What is the amount of profit that the firm earns? Total Cost $7.00 9.50 11.00 12.00 14.50 17.00 21.00 25.00 30.00 35.50The table below shows a monopolist's demand curve and the cost information for the production of its good. If the monopolist is trying to maximize its profit what would it be? Quantity Price per Unit Total Cost 10 $100 $100 20 $80 $400 30 $60 $800 40 $40 $1,400 50 $20 $2,400 Question 40 options: a) $1,200 b) $1,000 c) $1,600 d) $1, 800
- An inventor has recently produced a new innovative product, a Dooder. The inventor has successfully received a patent for the Dooder and is now operating as a monopolist. The cost curves and market demand curves for Dooders is shown below. $16 $15 MC $14 $13 $12 $11 $10 $9 $8 Price Per Dooders $5 $4 $3 $2 $1 MR 1 2 3 4 6 6 7 8 9 10 12 16 Quantity of Dooders (a) What is the profit maximizing output for the monopolist? (b) What price will the monopolist charge? (c) How much revenue is the monopolist bringing in? (d) How much total profit is obtained by the monopolist? Please enter without any units or dollar signs. (If you answer is fifteen Dooders, just put 15. If your answer is three hundred dollars, just put 300) D ATC 11 13 15 14The table below shows the demand and total revenue for a monopolist. Fill in the "Marginal Revenue" column for the various prices and quantities. Instructions: Enter your answer as a whole number. If you are entering a negative number include a minus sign. Demand and Revenues Price (dollars) Quantity Demanded Total Revenue (dollars) Marginal Revenue (dollars) $250 0 $0 — 225 20 4,500 $ 200 40 8,000 175 60 10,500 150 80 12,000 125 100 12,500 100 120 12,000The following table shows a monopolist’s demand curve and cost information for the production of its good. What price will it charge? Quantity Price per Unit Total Cost 25 $5 $110 30 $10 $125 35 $14 $130 40 $15 $140 Question 7 options: $13 $15 $11 $12
- The table shows the demand schedule of a monopolist. Calculate marginal revenue and fill in the revenue column in the table. Assume that output can only be sold in integer amounts (i.e., 11 unit, 22 units, etc.). Once you have filled in marginal revenue, identify the quantity produced by the monopolist in this market. Quantity Price Marginal Marginal Cost Revenue 1 $13 $3 MR1 2 $12 $4 MR2 3 $11 $5 MR3 4 $10 $6 MR4 $9 $7 MR5 6. $8 $8 MR6 How many units does the monopolist produce? Quantity:The data below relate to a monopolist and the product it produces. If the firm wants to produce where marginal revenue equals marginal cost, what is the firm's profit? Quantity Price per Unit Total Cost 0 $22 $20 1 $20 $24 2 $18 $27 3 $15 $32 4 $14 $40 5 $12 $49 6 $10 $59The table shows the demand schedule of a monopolist. Calculate marginal revenue and fill in the revenue column in the table Assume that output can only be sold in integer amounts (i.e., 1 unit, 2 units, etc.). Once you have filled in marginal revenue identify the quantity produced by the monopolist in this market Not all numbers in the answer bank will be used. Quantity Price Marginal revenue Marginal cost Answer Bank 1 $13 2 $2 $12 $6 $8 $4 $13 $11 $3 $10 $9 $7 $5 4 $10 $4 $3 $2 $12 $5 $9 6 $8 $6 How many units does the monopolist produce? units
