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skymacaw582Lv1
11 Dec 2019
The table below shows the marginal revenue and costs for a monopolist.
Demand, Cost and Revenues
Price ($)
Quantity demanded
Marginal Revenue ($)
Marginal Cost ($)
Average Total Cost ($)
125
200
125
25
139
118
300
104
32
103.3
111
400
90
40
87.5
104
500
76
50
80
97
600
62
62
77
90
700
48
77
77
Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (in front of those numbers.)
a. What is the monopolist's profit-maximizing level of output?
b. What is the monopolist's profit at the profit-maximizing level of output?
The table below shows the marginal revenue and costs for a monopolist.
| Demand, Cost and Revenues | ||||
| Price ($) | Quantity demanded | Marginal Revenue ($) | Marginal Cost ($) | Average Total Cost ($) |
| 125 | 200 | 125 | 25 | 139 |
| 118 | 300 | 104 | 32 | 103.3 |
| 111 | 400 | 90 | 40 | 87.5 |
| 104 | 500 | 76 | 50 | 80 |
| 97 | 600 | 62 | 62 | 77 |
| 90 | 700 | 48 | 77 | 77 |
Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (in front of those numbers.)
a. What is the monopolist's profit-maximizing level of output?
b. What is the monopolist's profit at the profit-maximizing level of output?
Mahe AlamLv10
10 Sep 2020
