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Author Question: Profit of a MonopolyThe graph shows the demand curve (D), marginal revenue curve (MR), marginal cost ... (Read 602 times)

Ethanolson3

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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
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Marked as best answer by Ethanolson3 on Nov 23, 2022

ellie

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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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Ethanolson3

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

xiazhe

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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