Refer to the data for a nondiscriminating monopolist. At its profit-maximizing output, this firm's total costs will be $198. Ⓒ$300. Ⓒ$126. Ⓒ$248.
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- Multiple Choice pervey $10 for its product. $12 for its product $16 for its product. $8 for its product.Refer to the graph shown of a profit-maximizing monopolist: $100 $90 MC $80 $70 $60 $50 Price, cost, revenue D 7000 14000 21000 12000 Question: What is the monopolist's economic profit(loss) at the profit-maximizing level of output? O-$280,000 O $0 $140,000 $840,000 O -$140,000 0 /AC MRC Answer the next question(s) Demand Data Price $5.50 5.00 4.50 3.85 3.35 2.90 2.50 Quantity demanded C. $3.35. D. $4.50. 5769CAW 4 8 on the basis of the following demand and cost data for a pure monopolist: Cost Data Output 3456789 Total cost $5 6 6.50 7.50 9 11 14 38. Refer to the above data. The profit-maximizing price for the monopolist will be: A. $5.00. B. $2.90.
- Dreher's Designer Shirt Company, a monopolist, has the following cost and revenue information. What is the marginal revenue from selling the 5th shirt? COSTS Quantity Produced ($) 1 2 3 4 5 6 7 8 $120 Total Cost Marginal $110 100 140 184 230 280 335 395 475 575 Cost REVENUES Quantity Demanded ($) 0 1 2 3 4 5 6 7 8 Price 170 160 150 140 130 120 110 100 95 Total Revenue Marginal Revenue28 $55 $50 $45 MC АТС I of $40 $35 $30 $25 $20 Demand = P $15 $10 $5 $0 MR 40 80 120 160 200 240 Output (Q) The diagram above shows the Demand, MR, and cost curves for a monopolist in the short-run. At the profit maximizing Output (Q) level, the monopolist will earn a Total Profit of: Sel one: а. $1,200 b. $2,200 c. $800 d. $2,000 $$Table 15-18Tommy’s Tie Company, a monopolist, has the following cost and revenue information. Assume that Tommy’s is able to engage in perfect price discrimination. COSTS REVENUES QuantityProduced Total Cost MarginalCost QuantityDemanded Price TotalRevenue MarginalRevenue 0 $100 -- 0 $170 -- 1 $140 1 $160 2 $184 2 $150 3 $230 3 $140 4 $280 4 $130 5 $335 5 $120 6 $395 6 $110 7 $475 7 $100 8 $575 8 $95 Refer to Table 15-18. If the monopolist can engage in perfect price discrimination, what is the quantity that maximizes economic profit? Group of answer choices 5 ties 6 ties 7 ties 8 ties
- 1000 900 $00 700 600 500 400 300 200- 100 MC ATC MR 5 10 15 20 25 30 35 40 Quantity Refer to the above figure. What price and quantity pair in the figure above will the monopolist choose? a. P = $15; Q = 400 b. P $400; Q = 25 C. P = $500; Q = 25 d. P= $700; Q = 15The monopolist's total cost equals Price, cost, marginal revenue of diamond $100 60 20 MC ATC A. 10 -20 MR -40 Quantity of diamonds $20 $80 $160 $240 O $4803 4 5 6 The profit maximizing monopolist would choose to produce 30 28 26 24 32 Price 38 36 34 + V Output 36 32 28 24 Marginal Revenue 20 16 12 26 27 28 29 30 31 32 33 Marginal Cost units of output
- Graph shows the cost and revenue information for Shitotsu the monopolist. What are the levels of price, output, total (sales) revenue. and total profits if the monopolist were to produce at the positions (a) through (d) indicated in table below? Costs and revenues 30 27 24 21 18 15 9 6 3 0 3 6 9 12 15 Quantity per period 18 21 MR D=AR MC AC$30 MC ATC $20 $10 MR Demand 10 20 30 40 Quantity (in Thousands per Month) What is the maximum profit per month that the monopolist will be able to earn according to the graph? zero approximately $20,000 approximately $50,000 Oapproximately $100,000 PriceWillingness to pay for Spreadsheet and Word Processing Programs Consumer Type Number Spreadsheet Word Processor Both A. 1,000 100 150 250 1,000 200 200 400 1,000 250 100 350 D. 1,000 150 300 450 What price would a mompolist that sold spreadsheels only, charge if his unit cost is 10? O 100 150 200 250
