Question

# Q P Q TC 1 \$36 1 \$20 2 \$32 2 \$32 3 \$28 3 \$50...

 Q P Q TC 1 \$36 1 \$20 2 \$32 2 \$32 3 \$28 3 \$50 4 \$24 4 \$80 5 \$20 5 \$120

30. Consider Exhibit 3. What is the profit maximizing output for a monopolist that does not price discriminate?

A) 1 unit

B) 2 units

C) 3 units

D) 4 units

E) 5 units

31. What is the profit maximizing price for a monopolist that does not price discriminate?

a. \$36

b. \$32

c. \$28

d. \$24

e. \$20

32. How much profit is the monopoly earning at the profit maximizing quantity?

a. \$16

b. -\$20

c. \$32

d. \$34

e. -\$16

 Q P Q TC TR MC MR Profit 1 36 1 20 36 36 16 2 32 2 32 64 12 28 32 3 28 3 50 84 18 20 34 4 24 4 80 96 30 12 16 5 20 5 120 100 40 4 -20

MC of n the unit=(TC of n units -TC of p units )/(n-p)...............n>p

TR=P*Q

MR of n-th unit=(TR of n units -TR of p units)/(n-p)...................n>p

Q30
Option C
Q=3
the firm produces at MR=MC or the closet lower MC where Q=

Q31
option c
the price at the output level is \$28

Q32
Option d
Profit=TR-TC
at the output level profit=\$34

?

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