Suppose a monopolist’s profit-maximizing output is 200 units per week and that the firm sells its output at a price of $60 per unit. The firm has total costs of $9,000 per week. Assume the monopolist is maximizing its profit and earns $30 per unit from the sale of the last unit produced each week.   Instructions: Enter your answers as a whole number.   a. What are the firm's weekly economic profits?        $    b. What is the firm's marginal cost?        $    c. What is the firm's average total cost?        $

Q: Give two examples of price discrimination. In each case, explain why the monopolist chooses to…

A: Price-discrimination is a strategy whereby a monopolist sells identical goods/services at different…

Q: 1) A monopolist faces a demand curve Q = 600 – 10P and has the total cost curve TC(Q) = 200 + 20Q +…

A: Q = 600 - 10P P = 60 - Q/10 TC = 200 + 20Q + 2Q2

Q: omplete the first row of the following table. Short Run Quantity Price Pricing Mechanism…

A: A monopoly is a sole producer of a good thus acting as a price maker as they are having maximum…

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A: Monopolist : A Monopolist exists in an imperfectly competitive market. He is a single seller of a…

Q: Suppose a monopolist's profit-maximizing output is 500 units per week and that the firm sells its…

A: Profit maximizing units,  Q = 500 Price = $80 per unit Total cost = $6000 Marginal revenue = $35

Q: What is meant by the term “market power”?   Can a monopolist charge any price it wants because it is…

A: Monopoly market is defined as a market structure in which there is only a single seller in the…

Q: If a monopolist has TC(q) = 30q + 60q^2 + 100 and Qd = 500-(1/40)p How much should the firm sell and…

A: Answer to the question is as follows:

Q: Monopoly Market MC - Marginal Cost MR - Marginal Revenue D - Demand ATC - Average Total Cost…

A: The markets are the place where the buyers of the goods, and services makes up the demand side, and…

Q: A monopolist is deciding how to allocate output between two geographically separated markets​ (East…

A: Answer to the question is as follows :

Q: A monopolist is deciding how to allocate output between two geographically separated markets​ (East…

A: This is a case of monopoly price discrimination where the monopolist charges two different price in…

Q: Suppose that the monopolist can produce with total cost: TC = 100. Assume that the monopolist sells…

A: In a monopolistic market, a product is produced by only one company. Because there is no substitute,…

Q: Suppose a monopolist faces the following demand curve. 70 60 50 40 30 20 10 0 10 20 30 40 50 60 70…

A: The monopolist profit-maximizing profit is a level of output when the marginal cost is equal to…

Q: Consider a monopolist firm facing a market demand curve given by Q = 1000 – 10P, %3D and…

A: as we know that profit is  maximize where MR = Mc and we find the TC and find the price as follow-

Q: Firm M is a monopolist with marginal cost of $7/unit. When maximizing profit, Firm M charges a…

A: Elasticity of demand means the magnitude of change in the quantity for a good due to change in the…

Q: The following equations describe the monopolist's demand, marginal revenue, and the marginal cost:…

A: A monopoly firm produces at the intersection point of MR and MC in order to maximize profit.  Set MR…

Q: When price is equal to 270, a monopolist can sell 10 units of output, and when price is equal to…

A: When price(P) is 270 and quantity(Q) is 10 then Total Revenue ( TR)= P ×Q = 270 ×10 =2700

Q: A monopolist has the demand and marginal cost as shown in the table below. There is no fixed cost in…

A: Given; Price Quantity TR MR MC TC Profit 10 1 10 10 2 2 8 9 2 18 8 3 6 12 8 3 24 6 4 12 12…

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

A: A monopolist is any person or company having total control of something.

Q: Consider a monopolist that sells cable subscriptions. When the price is $10 a week, it can sell 175…

A: * SOLUTION :-

Q: The monopolist faces the demand curve P = 180-2Q/3. The monopolists marginal cost of production is…

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Q: Suppose a monopolist could charge a different price to every customer based on how much he or she…

A: monopolist have control price, demand and supply of products. So, they can charge different prices…

Q: In the following table are demand and cost data for a pure monopolist. Complete the table by filling…

A: As per given information, the table is completed:-   (In $) Quantity Price  Total Revenue…

Q: Suppose a monopolist's profit-maximizing output is 400 units per week and that the firm sells its…

A: Profits are calculated as: Profit=TR-TCTR=P×Q Where TR is the total revenue, found out by the amount…

Q: Suppose a monopolist sets output and lets the market determine the price. Given the monopolist's…

A: Dear student, you have asked multiple sub-part questions in a single post.In such a case, as per the…

Q: A monopolist is deciding how to allocate output between two geographically separated markets​ (East…

A: The equilibrium condition of monopoly reflecting the profit maximization point is one where marginal…

Q: Think about a monopolist, the market (inverse) demand function is: P = 30-2Q, his cost function is:…

A: a. The firm produces at MR=MC MR=30-4Q ....... An MR curve is double sloped than an inverse demand…

Q: omplete the first row of the following table. Short Run Quantity Price Pricing Mechanism…

A: In a natural monopoly there are large fixed costs and small marginal costs.

Q: a.   At what output rate and price does the monopolist operate?         b.   In equilibrium,…

A: Let us first know about monopoly . It refers to the market structure in which there is a single…

Q: Given the same costs, the monopolist produces less output and charges a higher price compared to the…

A: Answer to the question is as under:

Q: monopolist’s profit-maximizing output is 500 units per week and it sells its output at a price of…

A: Following are the given data: Output = 500 units Price = $70 Total cost = 15000

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: )Firm A is a monopolist with cost C = 3q2 + 5q + 100. The market demand is Q = 75 – 0.5P. What is…

A: A single-price monopoly produces at MR = MC in order to maximize profit. ---------------- Cost…

Q: An important difference between a perfectly competitive firm and a monopolist is that     1 only…

A: A perfectly competitive firm refers to one that sells a product that is identical to that of its…

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: MC ATC P2 P3 P4 MR Q, Q2 Quantity In the figure above, if the monopolist maximizes profit, how many…

A: A monopoly firm produces output where MR=MC. And charge price corresponding to the output from the…

Q: When a single-price monopolist maximizes profits, price is greater than marginal cost. In other…

A: Monopoly expresses a market where a sole seller is privileged to satisfy the needs of the entire…

Q: Critically evaluate and explain each statement a. Because they can control product price,…

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

Q: If a monopolistʹs marginal revenue is $18 a unit and its marginal cost is $17, then?

A: In the monopoly Market equilibrium conditions is determined by where Marginal revenue is equal to…

Q: Suppose a monopolist's profit-maximizing output is 400 units per week and that the firm sells its…

A:

Q: A monopolist has the demand and marginal cost as shown in the table below. There is no fixed cost in…

A: In a single-seller market, there is only one seller, and that seller sells just one product. Sellers…

Q: Critically evaluate and explain each statement:a. Because they can control product price,…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: At the profit maximizing output, for the perfect competitor,    options:

A: Price =MC = AC is the condition for equilibrium in a perfect competitive market. For a monopolist,…

Q: In the following situation, what should the monopolist do to maximize profit? Select the best…

A: A market structure characterized by a single seller, selling a unique product, and there exists no…

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