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Author Question: Suppose a single-price monopolist knows the following information:PriceQuantityTRMRFixed ... (Read 47 times)

Emmejo01

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on: Oct 12, 2022

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.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Emmejo01 on Oct 12, 2022

ekattan2

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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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Emmejo01

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

hollysheppard095

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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