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) |
The profit-maximizing single-price monopolist will produce _____ units.
Homework Answers
Answer #1
Monopolist will produce 3 units
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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)
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3
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63
(N)
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(G)
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Refer to Exhibit 24-4. What dollar amounts go in
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Refer to...
Price Quantity Demanded Total Revenue Marginal Revenue Total Cost Marginal Cost Average Total Cost Average Variable...
Price
Quantity Demanded
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Average Total Cost
Average Variable Cost
$20
0
$6
18
1
12
16
2
20
14
3
30
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4
42
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please fill out entire table
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...
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...
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...
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...
Price Quantity demanded Quantity produced Total cost 0.40 500 0 100 0.50 400 100 105...
Price
Quantity demanded
Quantity produced
Total cost
0.40
500
0
100
0.50
400
100
105
0.60
300
200
120
0.70
200
300
145
0.80
100
400
180
0.90
0
500
225
The above schedule shows the price,
quantity demanded, quantity produced and total cost for a monopoly
firm.
Calculate the marginal revenue, marginal cost and average total
cost schedules.
What are the profit-maximizing output, price and economic
profit?
At the price charged, is the demand elastic or inelastic?...
Table 14-12 Bill’s Birdhouses COSTS REVENUES Quantity Produced Total Cost Marginal Cost Quantity Demanded Price Total...
Table 14-12
Bill’s Birdhouses
COSTS
REVENUES
Quantity
Produced
Total
Cost
Marginal
Cost
Quantity
Demanded
Price
Total
Revenue
Marginal
Revenue
0
$0
--
0
$80
--
1
$50
1
$80
2
$102
2
$80
3
$157
3
$80
4
$217
4
$80
5
$285
5
$80
6
$365
6
$80
7
$462
7
$80
8
$582
8
$80
Refer to Table 14-12. At what quantity does
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a.
7
b.
8
c.
3
d.
6
Use the demand schedule below to calculate total revenue and marginal revenue at each quantity. Explain...
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Price (P)
Quantity Demanded (Q)
Price (P)
Quantity Demanded (Q)
$7.00
0
$4.50
5
6.50
1
4.00
6
6.00
2
3.50
7
5.50
3
3.00
8
5.00
4
2.50
9
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...
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