Exhibit 9-4: A Monopoly Total Quantity Total Fixed Variable Price Demanded Cost Cost $100 $30 $0 90 1 $30 20 80 $30 48 70 $30 78 60 4 $30 110 50 5. $30 150 Refer to Exhibit 9-4. At an output level of 5 units, the monopolist earns a total profits of about O $70.00 O $82.00 O $100.00 $102.00

Exhibit 9-4: A Monopoly Total Quantity Total Fixed Variable Price Demanded Cost Cost $100 $30 $0 90 1 $30 20 80 $30 48 70 $30 78 60 4 $30 110 50 5. $30 150 Refer to Exhibit 9-4. At an output level of 5 units, the monopolist earns a total profits of about O $70.00 O $82.00 O $100.00 $102.00

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

Exhibit 9-4: A Monopoly
Total
Quantity
Total Fixed
Variable
Price
Demanded Cost
Cost
$100
$30
$0
90
$30
20
80
$30
48
70
$30
78
60
4
$30
110
50
5
$30
150
Refer to Exhibit 9-4. At an output level of 5 units, the monopolist earns a total profits
of about
O S70.00
S82.00
O $100.00
O $102.00

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