can you please draw the profits of a monopolist in the case where average cost cuts average revenue?

Q: A monopolist's cost structure is such that its total costs are TC = 300 + 200 Q + 3Q². The market…

A: profit maximizing point is where MR = MC , so here by using given information we calculate the…

Q: Refer to the above data for a monopolist. This firm will maximize its profit by producing:

A: Any monopolist will maximize profit where Marginal Revenue=Marginal Cost  So from Average Total…

Q: Suppose the demand functions facing the wireless telephone monopolist in Worked-Out Problem 18.4…

A: Given; Low-demand consumer; QLd=50-100P High- demand consumer;QHd=120-100P Marginal cost per minute=…

Q: How does a monopolist determine its profit-maximizing level of output?  How does it determine the…

A: A monopoly market structure is that kind of market where there is one single seller and thus the…

Q: Use the following to answer questions (19) - (21): Suppose a monopolist faces the following market…

A: 19   Recall that in first degree price discrimination, the last good is sold at the price equal to…

Q: suppose a monopolist sells to two groups that have constant elasticity demand curve with elasticity…

A: A monopoly firm is the sole supplier of the good in the market and therefore a monopoly firm always…

Q: The change in total revenue that results from a one-unit increase in quantity sold is marginal…

A: Monopoly refers to a situation in which there is a single seller of a product and many buyers of…

Q: Refer to Figure 2 in Question 26. In order to maximize profits, the monopolist should charge what…

A: Profit maximizing price is such a price that corresponds to profit-maximizing quantity via the…

Q: : Suppose you are a monopolist and you have two customers, A and B. Each will buy either zero or one…

A: If you don't engage yourself in third-degree price discrimination, then you will charge the highest…

Q: When a monopolist identifies its profit-maximizing quantity of output, how does it decide what price…

A: Monopoly market structure is the situation where there is only one firm exists in the market. There…

Q: Suppose that a monopolist can engage in perfect (first degree) price discrimination. The monopolist…

A: Here we calculate the price  discriminating monopolist charge by using the given information , so…

Q: Is this possible that the Monopolists necessarily make the profit?

A: Answer: As we know that the general concept or impression is that the monopolist has complete…

Q: The marginal revenue curve for a monopolist O will always have one-half the slope of the demand…

A: Monopolist is the single firm in the market. The industry and firm demand curves are same in the…

Q: A profit-maximizing monopolist sets: A. Price where MC=MR. B. Produces output where MC=MR. C. Both A…

A: In a market, a monopolist is the seller of a specific product or service that is not offered by any…

Q: If the monopolist's demand is represented by a linear downward sloping curve, its total revenue…

A: When talking about monopoly market, monopolist charges a price that lies on demand curve and with…

Q: why do perfectly competitive firms maximize their profits by producing so that the price is equal to…

A: In the field of microeconomics, there exist four kinds of market structure and these market…

Q: Refer to the scenario above. The monopolist profit is maximized when the quantity sold is____ packs.…

A: Marginal revenue refers to the additional revenue that a seller receives from selling an extra unit…

Q: do unregulated monopolists always make postitive economic profits? use a graph to show that a…

A: Unregulated monopolist:- A monopoly is a company which is the single supplier of its commodity and…

Q: Why is marginal revenue below average revenue for a monopolist?

A: In monopoly markets there is a price effect and output effect..

Q: How does the demand curve perceived by a monopolist compare with the market demand curve? Explain

A: Monopoly refers to the market structure where there is only one firm in the industry. There is a…

Q: Consider the following graph pertaining to a monopolist. Does the monopolist choose the output rate…

A: A monopoly is a market where there exists a large number of buyers but only one seller, the…

Q: Why is the price charged by monopolist competitive firms above their marginal revenues? What is…

A: Meaning of Monopolistic Competition: The term monopolistic competition refers to the situation…

Q: a monopolist finds the demand curve to be linear, containing data points (q,p) of (100,125) and…

A: We know that the Demand Q is linear and passes through data points (100,125) and (20,165).Demand…

Q: A monopolist always produces at the low point of its average total cost (ATC) curve.   is this true…

A: A monopolist is a single seller who is price maker. There is no competitor in this market.

Q: Use the data on the chart for a monopolist. At its profit-maximizing output, this firm's price will…

A: We know that the monopolist profit maximization output condition is marginal revenue is equal to…

Q: A monopolist firm faces a demand with constant elasticity of -2.0.  It has a constant marginal cost…

A: Given the elasticity = -2 MC = 20 dollars

Q: The following table shows a monopolist's demand curve and cost information for the production of its…

A: A monopoly is a market structure where there is only one seller and many buyers. The seller has…

Q: How does the demand curve for monopolist firm differ from the demand curves for firms in competitive…

A: The monopolist firm faces downward sloping demand curve which implies that prices that monopolist…

Q: The demand curve faced by a monopolist is: P = 120 – 3Q. The marginal cost curves in factory 1 and…

A: Given:- P=120-3Q MC1=10+20Q1 MC2=60+5Q2 To calculate:- Quantity=? Please find the images attached…

Q: Does a monopolist firm always earn abnormal profit? Yes/No. Explainy your answer theoretically and…

A: Monopoly is a form of market organization in which a single firm sells a commodity for which there…

Q: Single Price Monopolists produce where P=MC True O False

A: Monopoly means a complete hold of a single seller on the whole market for a product.

Q: Currently, a monopolist’s profit-maximizing output is 400 units per week and it sells its output at…

A: Monopolist’s profit-maximizing output = 400 units Per unit selling price = $60 per unit Total cost,…

Q: Referring to the diagram, the monopolist will charge a price of ______ and sell quantity of _______

A: A monopoly is a market form in which a single seller sells unique products, and the firms’ products…

Q: Output Total Total Total Marginal Marginal (Q) Price Revenue Cost Profit Revenue Cost 20 $25.00 $500…

A: Output Price Total revenue Total cost Total profit 20 25 500 650 -150 40 20 800 750 50…

Q: For a monopolist, pricing the output where the demand is relatively inelastic Select one. C. a.…

A: A market system with a single seller is called a monopoly.

Q: Please refer to the figure above. When MC is constant, the ATC is also constant. How much profit the…

A: A monopoly acts as a price maker as it is the sole producer of a good in the market thus produces…

Q: How can a monopolist identify the profit-maximizing level of output if it knows its marginal revenue…

A: Monopoly refers to the market structure where there is only one firm in the industry. There is a…

Q: What is the usual shape of a marginal revenue curve for a monopolist? Why? How can a monopolist…

A: A market is a place where the buyers and the sellers interact with each other and the exchange of…

Q: If a monopolist could sell 7 units of output for $41 each or 8 units of output for $39 each, what is…

A: We will use Marginal analysis concept to answer this question