The following table shows demand and marginal cost for a monopolist Calculate marginal revenue (MR) at each quantity. (Enter your response as an integer.) Output (units) (Q) Price per Unit (P) Marginal Revenue (MR) Marginal Cost (MC) 20 1 18 18 2 16 14 3 14 10 6. 12 6 8 5 10 2 10 A profit-maximizing monopolist will produceO units and set a price of S.

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

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

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A: Solution is given Below

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A: Monopolist sets MR = MC, thus Price = $10 Quantity = 100

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A: Profit-maximizing output = 400Selling price = $60TC = $10000MR = 40 dollars

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Q: = 240 + 0.5Q², and face 4. A monopolist has the cost function TC(Q) market demand P= 45 – Q. (a)…

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