to $4 -$4 chove 18 t0 $12 MC L K ATC J D T W Quantity \MR 2. Refer to Figure above. How much output will the monopolist produce? a. O b. T c. W d. Z 3. Refer to Figure above. What price will the monopolist charge? a. A b. C c. K d. L 4. Refer to Figure 7. What area measures th uAA O

monopolist’s profit-maximizing output is 500 units per week and it sells its output at a price of $70 per unit. The firm’s total costs are $15,000 per week. The firm is maximizing its profit, and it earns $40 in extra revenue from the sale of the last unit produced each week. a. What are the firm's weekly economic profits?

What is the profit-maximizing (equilibrium) condition that a monopolist uses to set its quantity of output? Question 8Answer a. Marginal Cost = Marginal Revenue b. Price = Marginal Revenue  c. Price = Average Cost d. Price = Marginal Cost e. Supply = Demand

Suppose that the monopolist's demand is: P = 8 – Q, and marginal revenue is: MR = 8 – 2Q. - The marginal cost is: MC = 2, and there is no fixed cost. a.Find out the profit maximizing output level. b.Specify the amount of economic profit or loss at the profit maximizing output. c.Calculate the price elasticity of demand at the profit maximizing point and explain it.

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

The demand (downward sloping line) and marginal cost (upward sloping curve) of a monopolist are shown. Use the segment tool to add a marginal revenue curve to the graph. Then, use the point tool to indicate the monopolists profit maximizing price/quantity combination. Segment Point A Undo - Redo x Reset 10 10 quantity Price

It is possible for a monopolist's to earn economic profits even in the long run due to:    a. its barriers to the entry of other firms. b.  the nature of the monopolist's product. c. its practice of third-degree price discrimination.

The graph below shows the demand and marginal cost curves for the monopolist Mr. Peanut. a. Draw the marginal revenue curve. Plot only the endpoints of the graph below.The graph below shows the demand and marginal cost curves for the monopolist Mr. Peanut. a. Draw the marginal revenue curve. Plot only the endpoints of the graph below. b. What are the values of the profit-maximizing output and price? Output: Price: $ c. What are the values of output, price and total revenue when the firm’s total revenue is maximized? Output: Price: $ Total revenue: $   Give me proper answer otherwise i give downvote Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.

If the monopolist is incurring a short run economic loss, what are some options the monopolist has?

a.   At what output rate and price does the monopolist operate?         b.   In equilibrium, approximately what is the firm’s total cost and total revenue?         c.   What is the firm’s economic profit or loss in equilibrium?