The Table Below Presents The Demand Schedule And Marginal Costs Facing A Monopolist Producer Mr Q B P 8 1 Tr 1 (33.72 KiB) Viewed 80 times
The Table Below Presents The Demand Schedule And Marginal Costs Facing A Monopolist Producer Mr Q B P 8 1 Tr 2 (33.46 KiB) Viewed 80 times
The table below presents the demand schedule and marginal costs facing a monopolist producer. MR ($) Q B P ($) 8.1 TR ($) 0 MC ($) 71 1 1 7.1 71 61 2 2 6.1 122 3 3 5.1 15.3 4 4 4.1 16.4 5 5 3.1 15.5 6 6 2.1 12.6 7 7 1.1 77 8 8 0 answers in two decimal places and in
2 6.1 122 3 3 5.1 153 4 4 4.1 16.4 5 5 3.1 15.5 6 6 2.1 126 7 7 1.1 77 8 8 0 a. Fill in the total revenue and marginal revenue columns. Instructions: Round your answers to two decimal places and include a negative sign if appropriate. Leave no cells blank. Enter of appropriate, b. What is the profit-maximizing level of output? Instructions: Round your answer to the nearest whole number units c. What price will the monopolist charge for the quantity in part (b)? Instructions: Round your answer to the nearest whole number per unit
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!