Question
Price Quantity Demanded Total Fixed Cost Total Variable Cost Total Revenue Total Cost Marginal Revenue Marginal...
|
|
|
Total |
Total |
|
|
|
|
|
$50 |
0 |
$8 |
$0 |
(C) |
(H) |
||
|
45 |
1 |
8 |
20 |
(D) |
(I) |
(L) |
(R) |
|
40 |
2 |
(A) |
30 |
(E) |
(J) |
(M) |
(S) |
|
35 |
3 |
8 |
55 |
105 |
63 |
(N) |
(T) |
|
30 |
4 |
8 |
(B) |
(F) |
93 |
(P) |
(U) |
|
25 |
5 |
8 |
125 |
(G) |
(K) |
(Q) |
(V) |
Refer to Exhibit 24-4. What dollar amounts go in blanks (P), (Q), (R), and (S), respectively?
Refer to Exhibit 24-4. What dollar amounts go in blanks (T), (U) and (V), respectively?
Refer to Exhibit 24-4. The profit-maximizing single-price monopolist's maximum profit is?
Refer to Exhibit 24-4. What dollar amounts go in blanks (K), (L), (M), and (N), respectively?
Refer to Exhibit 24-4. What dollar amounts go in blanks (A), (B), (C), (D), and (E), respectively?
Refer to Exhibit 24-4. The profit-maximizing single-price monopolist will produce how many units?
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Answer #1
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Similar Questions
Price Quantity Demanded Total Fixed Cost Total Variable Cost Total Revenue Total Cost Marginal Revenue Marginal...
Price
Quantity
Demanded
Total
Fixed Cost
Total
Variable Cost
Total Revenue
Total Cost
Marginal Revenue
Marginal Cost
$50
0
$8
$0
(C)
(H)
45
1
8
20
(D)
(I)
(L)
(R)
40
2
(A)
30
(E)
(J)
(M)
(S)
35
3
8
55
105
63
(N)
(T)
30
4
8
(B)
(F)
93
(P)
(U)
25
5
8
125
(G)
(K)
(Q)
(V)
The profit-maximizing single-price monopolist will produce _____
units.
Exhibit 21-19 Quantity Sold Total Revenue Price (units) Total Cost Marginal Costs Marginal Revenue $10 10...
Exhibit 21-19
Quantity Sold
Total Revenue
Price
(units)
Total Cost
Marginal Costs
Marginal Revenue
$10
10
$80
--
100
--
9
20
100
2
180
80
8
30
130
3
240
60
7
40
170
4
280
40
6
50
230
6
300
20
5
60
300
7
300
0
4
70
380
8
280
-20
Refer to Exhibit 21-19. Fill in the missing values. Assume this
is a single-price monopolist who is seeking to maximize profits.
How many units...
COSTS REVENUES Quantity Produced Total Cost Marginal Cost Quantity Demanded Price Total Revenue Marginal Revenue 0...
COSTS
REVENUES
Quantity
Produced
Total
Cost
Marginal
Cost
Quantity
Demanded
Price
Total
Revenue
Marginal
Revenue
0
$0
--
0
$80
0
--
1
$50
50
1
$80
80
80
2
$102
52
2
$80
160
80
3
$157
55
3
$80
240
80
4
$217
60
4
$80
320
80
5
$285
68
5
$80
400
80
6
$365
80
6
$80
480
80
7
$465
97
7
$80
560
80
8
$585
120
8
$80
640
80
b) What...
Complete the following cost and revenue schedule: Price Quantity Demanded Total Revenue Marginal Revenue Total Cost...
Complete the following cost and revenue schedule:
Price
Quantity Demanded
Total Revenue
Marginal Revenue
Total Cost
Marginal Cost
Average Total Cost
20
0
8
18
1
14
16
2
22
14
3
32
12
4
44
10
5
58
8
6
74
6
7
92
4
8
112
2
9
147
a. Graph the demand, MR, and MC curves.
b. At what rate of output are profits maximized within this
range?
c. What are the values of MR and MC...
Price Quantity Demanded Total Revenue Marginal Revenue Total Cost Marginal Cost Average Total Cost Average Variable...
Price
Quantity Demanded
Total Revenue
Marginal Revenue
Total Cost
Marginal Cost
Average Total Cost
Average Variable Cost
$20
0
$6
18
1
12
16
2
20
14
3
30
12
4
42
10
5
56
8
6
72
please fill out entire table
Quantity Total Revenue Marginal Revenue Total Cost Marginal Cost Fixed Costs ATC Average Fixed Costs Average...
Quantity
Total Revenue
Marginal Revenue
Total Cost
Marginal Cost
Fixed Costs
ATC
Average Fixed Costs
Average Variable Costs
0
0
-
10
-
10
-
-
-
1
8
24
14
24
2
16
34
10
17
3
24
42
8
14
4
32
49
7
12.25
5
40
57
8
11.4
6
48
67
10
11.17
7
56
81
14
11.57
8
64
99
18
12.38
9
72
123
24
13.67
f. You have now removed the fixed costs...
Total revenue; Explicit cost; Implicit cost; Price; Fixed cost; Variable cost; Accounting cost; Economic cost Using...
Total revenue; Explicit cost; Implicit cost; Price; Fixed cost;
Variable cost; Accounting cost; Economic cost
Using the above concepts, write an equation for accounting
profit (5 points)
Using the table below answer the questions 8-10 and show
your work.
Quantity
Total
Cost
Fixed
Cost
Variable
Cost
Marginal
Cost
Average
Fixed
Cost
Average
Variable
Cost
Average
Total
Cost
0
$50
$50
$0
--
--
--
--
1
$150
A
B
C
D
E
F
2
$270
G
H
I
J
K...
Quantity (Q) Bottles per day Total Cost (TC) Marginal Cost (MC) (TC/Q) Total Revenue (TR) (P*Q)...
Quantity (Q)
Bottles per day
Total Cost
(TC)
Marginal Cost
(MC)
(TC/Q)
Total Revenue
(TR)
(P*Q)
Marginal Revenue (MR)
(TR/Q)
Economic profit/loss
(Loss/Profit)
0
15
-
0
-
(-15)
1
22
7
8
8
(-21)
2
27
5
16
8
(-16)
3
30
3
24
8
(-9)
4
32
2
32
8
(-2)
5
33
1
40
8
6
6
34
1
48
8
13
7
36
2
56
8
18
8
40
4
64
8
20
9
44
4...
A monopolist faces the following demand curve, marginal revenue curve, total cost curve and marginal cost...
A monopolist faces the following demand curve, marginal
revenue curve, total cost curve and marginal cost curve for its
product: Q = 200 - 2P
MR = 100 - Q
TC = 5Q MC = 5
a. What is the profit maximizing level of output?
b. What is the profit maximizing price? c. How much profit
does the monopolist earn?
Output Total cost Marginal cost Quantity demanded Price Marginal revenue Profit 0 $ 50 XXXX 0 $60...
Output
Total cost
Marginal cost
Quantity demanded
Price
Marginal revenue
Profit
0
$ 50
XXXX
0
$60
XXXXX
$
1
80
$
1
55
$
2
120
2
50
3
150
3
45
4
170
4
40
5
185
5
35
6
205
6
30
7
235
7
25
8
275
8
20
9
325
9
15
10
385
10
10
Assume that the short-run cost and demand data given in the
table below confronts a monopolistic competitor selling a...
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