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Social Science Clinic => Economics => Microeconomics => Topic started by: Caiter2013 on Oct 8, 2019

Title: If a monopolist's price is $50 per unit and its marginal cost is $25, then
Post by: Caiter2013 on Oct 8, 2019

If a monopolist's price is $50 per unit and its marginal cost is $25, then

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to maximize profit the firm should increase output.

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to maximize profit the firm should continue to produce the output it is producing.

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to maximize profit the firm should decrease output.

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Not enough information is given to say what the firm should do to maximize profit.

Title: If a monopolist's price is $50 per unit and its marginal cost is $25, then
Post by: pratush dev on Oct 8, 2019

Not enough information is given to say what the firm should do to maximize profit.

Title: If a monopolist's price is $50 per unit and its marginal cost is $25, then
Post by: Caiter2013 on Oct 8, 2019

Thanks

Title: If a monopolist's price is $50 per unit and its marginal cost is $25, then
Post by: pratush dev on Oct 8, 2019

Welcome :)