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- 1 The graph below shows the demand and marginal cost curves for the monopolist Mr. Peanut. a. Draw the marginal revenue curve. Plot only the endpoints of the graph below. Costs and revenues 55 50 45 40 35 30 25 20 15 10 5 0 10 20 30 40 50 60 70 80 90 100110 Quantity per period D MC Tools marginal rever ResetFigure: A Profit-Matimizing Monopoly Firm Price, marginal revenue, marginal cost, average total cost $35 ATC 29 26 160 220 250 300 Quantity of output per week) (Pipure. A Protin-Maximining Monopoly Finn) The profin-miing fiem in this fipre will prodace A) 160 B) 220 C) 250 D) 300 its of ourput per week (Pigure: A Profit-Masimining Monopoly Finm) This profit-matimining monopoly fimi's cost per unit at its profintinizing quantity is A) 38. B) $15. C) $16. D) $18. (Pigure: A Profie-Macimining Monopoly Fim) This profit-maximizing monopoly firmts price per unit is A) $20. B) $26 C) $29. D) $35. (Figure. A Profit-Marimining Monopoly Fim) This profn-matimizing monopoly firm's profit per unit is: A) $5. B) $13. C) $14. D) $20.Willingness to pay for Spreadsheet and Word Processing Programs Consumer Type Number Spreadsheet Word Processor Both A. 1,000 100 150 250 1,000 200 200 400 1,000 250 100 350 D. 1,000 150 300 450 What price would a mompolist that sold spreadsheels only, charge if his unit cost is 10? O 100 150 200 250
- $/q 16 14 12 10 OB642 8 0 1250 500 250 MC 750 ATC In the above figure, the monopolistic competitor's profit-maximizing total cost is D MR 50 100 150 200 250 g/tMultiple Choice pervey $10 for its product. $12 for its product $16 for its product. $8 for its product.Graph shows the cost and revenue information for Shitotsu the monopolist. What are the levels of price, output, total (sales) revenue. and total profits if the monopolist were to produce at the positions (a) through (d) indicated in table below? Costs and revenues 30 27 24 21 18 15 9 6 3 0 3 6 9 12 15 Quantity per period 18 21 MR D=AR MC AC
- Draw the demand, marginal revenue, average total cost, and marginal cost curves for a monopolist.(a) Show the profit-maximizing level of output, the profit-maximizing price, and the amount of profit(b) Â Now assume marginal cost pricing is imposed. On the graph, shade the area repre- senting the profit or loss for the firm after marginal cost pricing is imposed.(c) Â Show the level of output that maximizes total surplus. Show the deadweight loss from the monopoly. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Dreher's Designer Shirt Company, a monopolist, has the following cost and revenue information. What is the marginal revenue from selling the 5th shirt? COSTS Quantity Produced ($) 1 2 3 4 5 6 7 8 $120 Total Cost Marginal $110 100 140 184 230 280 335 395 475 575 Cost REVENUES Quantity Demanded ($) 0 1 2 3 4 5 6 7 8 Price 170 160 150 140 130 120 110 100 95 Total Revenue Marginal RevenueThe graph below shows the demand and marginal cost curves for the monopolist Mr. Peanut. a. Draw the marginal revenue curve. Plot only the endpoints of the graph below. Costs and revenues 140 120 100 80 60 40 20 0 10 20 30 40 Quantity per period 50 60 D MC Tools marginal revel O M
- Question Maxin Suppose a monopolist could charge a different price to every customer based on how much he or she were willing and able to pay (versus charging the same price to all their customers). How would this affect the monopolist's profits? Why? Description Answer eacho Use the editor to format your answer 10 RointsWhat amount of the product will the monopolist produce for sale? Price P LE K J UBA O It depends OT W Z TW N MR MC ATC D QuantityA. Spectrum has the cable monopoly on the Glens Falls area. The following table gives the demand and costs per month for basic cable: Price Customers Total Marginal Total Cost Marginal Cost АТС (000) Revenue Revenue (S000) ($000) ($000) ($000) ($000) $200 10 $1800 190 20 3200 180 30 4300 170 40 5350 160 50 6450 150 60 7750 140 70 9350 1. If Spectrum wishes to maximize profit, what price should it charge and how many subscriptions will it sell? _subscriptions at $ 2. How much profit will it make? $ . Explain.