This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Profit of a MonopolyThe graph shows the demand curve (D), marginal revenue curve (MR), marginal cost ... (Read 65 times)

Ethanolson3

  • Full Member
  • ***
  • Posts: 146
on: Nov 23, 2022
Profit of a Monopoly

The graph shows the demand curve (D), marginal revenue curve (MR), marginal cost curve (MC) and average total cost curve (ATC) for a monopolist.



Assume that P1=$36 P2=$41, P3=$50, P4=$54, Q1=900, and Q2=1900. Total ________ (economic profit/economic loss) for the monopoly is ________.
Please round your final answer to two decimal places.
◦ economic loss, $12,600.00
◦ economic profit, $12,600.00
◦ economic profit, $3600.00
◦ economic loss, $3600.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Ethanolson3 on Nov 23, 2022

ellie

  • Full Member
  • ***
  • Posts: 168
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.
Answer Preview
Only 58% of students answer this correctly


Ethanolson3

  • Member
  • Posts: 146
Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

carojassy25

  • Member
  • Posts: 299
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

This image shows an artists depiction of a 10-kilometer (six-mile) diameter astero This image shows an artists depiction of a 10-kilometer (six-mile) diameter astero
How to write a quadratic equation in standard form when a graph is given How to write a quadratic equation in standard form when a graph is given
The demand for cheap coal to generate electrical power is rising The demand for cheap coal to generate electrical power is rising
Sketch a graph of the function h(x), by hand on the following interval: Sketch a graph of the function h(x), by hand on the following interval:
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
The graph of y = sqrt(x) is vertically stretched by a factor The graph of y = sqrt(x) is vertically stretched by a factor
Video: The life cycle of protein

For a complete list of videos, visit our video library