Question

Monopolistic Competition fill in table. Monopoly cost and revenue Quantity Price TR MR TC ATC MC...

Monopolistic Competition fill in table. Monopoly cost and revenue

Quantity Price TR MR TC ATC MC Profit
0 xxx xxx 110 xxx xxx
1 90 144
2 29 -3
3 80 42
4 300 56.75
5 261 89
6 40 301
7 60 348.5
8 55 55
9 450 -23.5
10 0 90

Homework Answers

Answer #1
Quantity Price TR MR TC ATC MC Profit
0 --- --- --- 110 --- --- -110
1 90 90 90 144 144 34 -54
2 85 170 80 86.5 86.5 29 -3
3 80 240 70 66 66 25 42
4 75 300 60 56.75 56.75 29 73
5 70 350 50 52.2 52.2 34 89
6 65 390 40 50.17 50.17 40 89
7 60 420 30 49.79 49.79 47.5 71.5
8 55 440 20 50.44 50.44 55 36.5
9 50 450 10 52.61 52.61 70 -23.5
10 45 450 0 56.35 56.35 90 -113.5

Note :-

1) AR = TR / Quantity

2) MR = TR n - TR n-1

3 ) Price = TR / Quantity

4) TR n = TR n-1+ MR of n or. AR * Quantity

5) TCn = TC n-1 + MC of n. or AC * Quantity

6) AC = TC / Quantity

7) MC = TC n - TC n-1

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