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Author Question: Efficiency in Output LevelsThe graph shows the demand curve (D), marginal revenue curve (MR) and ... (Read 49 times)

jrobl3

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on: Nov 23, 2022
Efficiency in Output Levels

The graph shows the demand curve (D), marginal revenue curve (MR) and marginal cost curve (MC) for a firm that is a monopoly. In the short run and long run, marginal cost equals average total cost (ATC).
 
Assume that the area of A=10, B=10, C=27, D=10, and E=28. What is the total surplus at the monopolist's profit-maximizing price? At the efficient price and quantity, what is total surplus?
◦ $37, $0
◦ $85, $57
◦ $57, $85
◦ $20, $37
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by jrobl3 on Nov 23, 2022

Burly

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jrobl3

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

bigcheese9

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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