Marginal Average Marginal Total Output Price Revenue Total Cost Cost 1 $ 100 $ 100 $ 100.00 $30 90 80 63.00 26 80 60 52.67 32 4 70 40 49.50 40 60 20 49.60 50 50 50.00 52 7 40 -20 52.29 66 8 30 -40 55.75 80 20 -60 60.67 100 10 10 -80 67.60 130 Refer to the data for a nondiscriminating monopolist. This firm will maximize its profit by producing
Marginal Average Marginal Total Output Price Revenue Total Cost Cost 1 $ 100 $ 100 $ 100.00 $30 90 80 63.00 26 80 60 52.67 32 4 70 40 49.50 40 60 20 49.60 50 50 50.00 52 7 40 -20 52.29 66 8 30 -40 55.75 80 20 -60 60.67 100 10 10 -80 67.60 130 Refer to the data for a nondiscriminating monopolist. This firm will maximize its profit by producing
Chapter12: Medicare
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