This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Profit of a MonopolyThe graph shows the demand curve (D), marginal revenue curve (MR), marginal cost ... (Read 561 times)

Ethanolson3

  • Full Member
  • ***
  • Posts: 146
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Ethanolson3 on Nov 23, 2022

ellie

  • Full Member
  • ***
  • Posts: 168
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.
Answer Preview
Only 58% of students answer this correctly


Ethanolson3

  • Member
  • Posts: 146
Reply 2 on: Nov 23, 2022
:D TYSM

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

History of the number of observed sunspots during the last 250 years, which shows the ~11-year solar History of the number of observed sunspots during the last 250 years, which shows the ~11-year solar
This photo shows a newborn baby minutes after birth. This photo shows a newborn baby minutes after birth.
Sketch a graph of the inverse of each exponential function. Sketch a graph of the inverse of each exponential function.
Sketch the graph of each function using transformations. State the domain and range. Sketch the graph of each function using transformations. State the domain and range.
Which of the above illustrations shows an acidic aqueous solution Which of the above illustrations shows an acidic aqueous solution
(a) Graph for converting values to p values. (b) Table of values for selected values of df (a) Graph for converting values to p values. (b) Table of values for selected values of df
Video: Osmosis - water transport

For a complete list of videos, visit our video library