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Author Question: Suppose a monopolist's marginal revenue isMR= 12 - 2Qand its marginal cost isMC= 3. What is the ... (Read 120 times)

Austinleez3

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on: Oct 12, 2022

Question 1

Economic profit for a monopolistic firm will equal zero when
◦ average total cost is minimized.
◦ marginal revenue equals marginal cost.
◦ average total cost equals price.
◦ price equals marginal cost.
◦ marginal revenue equals price.

Question 2

Suppose a monopolist's marginal revenue is MR = 12 - 2Q and its marginal cost is MC = 3. What is the profit-maximizing output for this firm?
◦ 12
◦ 4
◦ 0
◦ 6
◦ 4.5
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Austinleez3 on Oct 12, 2022

Talvinder.Singh

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Reply #1 on: Oct 12, 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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Austinleez3

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

TheDev123

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

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