The following table (see MS Word/PDF version of Take-Home QUIZ #5 handout, page 1) shows a market demand a monopolist Is facing. Jse the table to answer questions #4 thru #6. Average Marginal Marginal Rev. Total Economic Quantity Price Total Rev. Rev. Cost Cost Profit (Q) (P) (TR) (AR) (MR) (MC) (TC) (I) ====== ==== =====%3D 1 35 35 11 11 24 64 32 29 11 22 42 29 11 4 17 11 23 11 11 120 11 7 17 -1 11 -7 11 99 11 -13 11 10 80 11 Extra Credit 2 ptsl Fill all blanks in the Table 1 on the Quiz #5 handout You will receive extra credit if vou submit the completed table via
The following table (see MS Word/PDF version of Take-Home QUIZ #5 handout, page 1) shows a market demand a monopolist Is facing. Jse the table to answer questions #4 thru #6. Average Marginal Marginal Rev. Total Economic Quantity Price Total Rev. Rev. Cost Cost Profit (Q) (P) (TR) (AR) (MR) (MC) (TC) (I) ====== ==== =====%3D 1 35 35 11 11 24 64 32 29 11 22 42 29 11 4 17 11 23 11 11 120 11 7 17 -1 11 -7 11 99 11 -13 11 10 80 11 Extra Credit 2 ptsl Fill all blanks in the Table 1 on the Quiz #5 handout You will receive extra credit if vou submit the completed table via
Chapter8: Monopoly
Section: Chapter Questions
Problem 9SQP
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Question
![The following table (see MS Word/PDF version of Take-Home Quiz #5 handout, page 1) shows a market demand a monopolist is facing.
Use the table to answer questions #4 thru #6.
Average Marginal Marginal
Rev.
Total
Economic
Quantity
Price
Total Rev.
Rev.
Cost
Cost
Profit
(Q)
(P)
(TR)
(AR)
(MR)
(MC)
(TC)
(II)
===
=====%3D
======
=====3=
1
35
35
11
11
24
64
32
29
11
22
42
3
29
11
4
17
11
23
11
11
6.
120
11
7
17
-1
11
-7
11
9
99
11
-13
11
10
80
8.
11
[Extra Credit 2 pts] Fill all blanks in the Table 1 on the Quiz #5 handout. You will receive extra credit if you submit the completed table via
email.
Q4. If the monopolist sells 8 units of its product, how much total revenue (TR) will it receive from the sale?
40 O 87 O 104 O 112 O 164](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3b99e0b5-89ef-4f22-843e-e92f84ebe27d%2Fbca3f133-47c0-4d02-aeb7-8673e34be92f%2Fkhfkm14_processed.png&w=3840&q=75)
Transcribed Image Text:The following table (see MS Word/PDF version of Take-Home Quiz #5 handout, page 1) shows a market demand a monopolist is facing.
Use the table to answer questions #4 thru #6.
Average Marginal Marginal
Rev.
Total
Economic
Quantity
Price
Total Rev.
Rev.
Cost
Cost
Profit
(Q)
(P)
(TR)
(AR)
(MR)
(MC)
(TC)
(II)
===
=====%3D
======
=====3=
1
35
35
11
11
24
64
32
29
11
22
42
3
29
11
4
17
11
23
11
11
6.
120
11
7
17
-1
11
-7
11
9
99
11
-13
11
10
80
8.
11
[Extra Credit 2 pts] Fill all blanks in the Table 1 on the Quiz #5 handout. You will receive extra credit if you submit the completed table via
email.
Q4. If the monopolist sells 8 units of its product, how much total revenue (TR) will it receive from the sale?
40 O 87 O 104 O 112 O 164
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