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Emmejo01

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Question 1

Suppose a single-price monopolist knows the following information:

PriceQuantityTRMRFixed CostTCATCMC
$10.001500$7.00$6000$5.00$5.00

The total profit being earned by this firm at the current level of output is ________ which ________ the maximum profit possible.
◦ $7500; is not
◦ $3000; is not
◦ $105 000; is
◦ $97 500; is not
◦ $15 000; is

Question 2

Suppose a single-price monopolist knows the following information:

PriceQuantityTRMRFixed CostTCATCMC
$9.001500$4.00$7000$7.00$5.00

The monopolist could maximize its profits by
◦ producing zero output.
◦ lowering price and increasing output.
◦ staying at the current price and output.
◦ raising price and lowering output.
◦ lowering price and leaving output unchanged.


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Marked as best answer by Emmejo01 on Oct 12, 2022

ekattan2

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Emmejo01

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Reply 2 on: Oct 12, 2022
Wow, this really help


komodo7

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Reply 3 on: Yesterday
:D TYSM

 

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