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Author Question: Suppose a single-price monopolist knows the following information:PriceQuantityTRMRFixed ... (Read 19 times)

Caileynorton

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on: Oct 12, 2022

Question 1

Suppose a single-price monopolist knows the following information:

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

The total profit being earned by this firm at the current level of output is
◦ $10 500.
◦ $6500.
◦ $1500.
◦ $13 500.
◦ $3000.

Question 2

Suppose a single-price monopolist knows the following information:

PriceQuantityTRMRFixed CostTCATCMC
$5.002000​$4.00$2000​$5.00$3.00

The monopolist could maximize profits in the short run by
◦ raising price and lowering output.
◦ staying at the current price and output.
◦ lowering price and increasing output.
◦ lowering price and leaving output unchanged.
◦ shutting down.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Caileynorton on Oct 12, 2022

bball_babe_123

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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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Caileynorton

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

sultansheikh

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

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