of aboul$92,00Exhibit 9-4: A MonopolyTotalQuantityTotal FixedVariablePriceDemanded CostCost$100$20$0901$202080$204870$2078604$2011050$20150Refer to Exhibit 9-4. At an output level of 3 units, the monopolist earns a total profitsof aboutO $80.00$92.00O $112.00O$110.002.3.5.

Total Revenue is the product of price and output. Total Cost is the sum of total fixed cost and…

Exhibit 9-4: A Monopoly Total Quantity Total Fixed Variable Price Demanded Cost Cost $100 $20 $0 90 1 $20 20 80 $20 48 70 $20 78 60 4. $20 110 50 5. $20 150 Refer to Exhibit 9-4. At an output level of 3 units, the monopolist earns a total profits of about O $80.00 O $92.00 $112.00 $110.00

Exhibit 9-4: A Monopoly Total Quantity Total Fixed Variable Price Demanded Cost Cost $100 $20 $0 90 1 $20 20 80 $20 48 70 $20 78 60 4. $20 110 50 5. $20 150 Refer to Exhibit 9-4. At an output level of 3 units, the monopolist earns a total profits of about O $80.00 O $92.00 $112.00 $110.00

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter9: Monopoly

Section: Chapter Questions

Problem 20RQ: How can a monopolist identify the profit-maximizing level of output if it knows its total revenue...

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Question

of aboul
$92,00
Exhibit 9-4: A Monopoly
Total
Quantity
Total Fixed
Variable
Price
Demanded Cost
Cost
$100
$20
$0
90
1
$20
20
80
$20
48
70
$20
78
60
4
$20
110
50
$20
150
Refer to Exhibit 9-4. At an output level of 3 units, the monopolist earns a total profits
of about
O $80.00
$92.00
O $112.00
O$110.00
2.
3.
5.

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