Total Revenue $20 Marginal Cost S10 Output 1 2 50 10 3 70 10 4 80 10 85 10 88 90 10 7 10

Question
Monopolist

Refer to the table. What is the monopolist's profit-maximizing level of output?
 
  6
  4
  5
  3
Total Revenue
$20
Marginal Cost
S10
Output
1
2
50
10
3
70
10
4
80
10
85
10
88
90
10
7
10
Expand
Transcribed Image Text

Total Revenue $20 Marginal Cost S10 Output 1 2 50 10 3 70 10 4 80 10 85 10 88 90 10 7 10

Expert Answer

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.
Tagged in
Business
Economics

Related Economics Q&A

Find answers to questions asked by students like you.

Q: xfo LU.S ory Bookmarks People Window Help C Fill In The Blanks: Price Level C Fill In The Blanks: Re...

A: Quantity theory of money states that the quantity of money and price level exhibits a direct relatio...

Q: Show that the two utility functions given below generate identical demand functions for goods X and ...

A: Two utility functions are given which are:

Q: critically discuss the rationale behind the introduction of negative interest rate policies (NIRPs) ...

A: The Negative interest rate policy (NIRP) is one of the important monetary policymeasure adopted by a...

Q: If banks expect that the rate of inflation in the coming year will be 4.95% and they want a real ret...

A: The real interest rate is the adjusted interest rate that doesn’t include the effect of inflation ra...

Q: GeeM has a sporty wheel package and a luxury interior package that it is considering offering to its...

A: Given:  GeeM costs 5 to produce a sporty wheel package and 10 to produce a luxury interior package. ...

Q: Analyze the positive versus normative arguments in the following case. Give an example of positive s...

A: A positive statement states a fact. In this case the positive statement could be: ‘Air Bags add an e...

Q: Question is pinned below

A: (A) Milk is a key ingredient for producing cheese. A fall in the price of milk in the market will re...

Q: Consider an economy in which the demand for money is of the formMt =1/(bar over v)PtYfor t = 0, 1, 2...

A: Given: Mt= (1/v) PtYY= 150, v= 1.5, Money supply = 100 for t=0,1

Q: According to the table, Canada has the eleventh-highest GDP among the countries with the largest eco...

A: Answer -  By  using the table given in the question -" GDP per capita is the gdp divided by populati...

Q: How did India's economy grow quickly overtime during 1975-2005?

A: Answer - India's  economy grow quickly overtime during 1975 -2005 , There are many factors for this ...

Q: In a particular market, the supply is elastic and demand is inelastic. If a tax is imposed on the se...

A: In the graph the initial equilibrium is at E where D intersects with S and the equilibrium price is ...

Q: Why does the movie theater charge matinee customers a lower price than the night time customers?

A: The movie theater charge matinee customers a lower price than the nighttime customers because the sm...

Q: Suppose goods A and B are substitutes. If the price of good A increases, will the demand for good B ...

A: Substitute goods are those goods that can be consumed by an individual in place of each other by the...

Q: The following table shows a person's nominal and real wages for three years, as well as the price le...

A: The nominal wage is the monetary wage that the employ or the worker receives from their work. The no...

Q: explain on the impact of a drop in the discount rate on the supply of money in the market

A: Monetary Policy: It refers to the decision of the central bank regarding the amount of money supply ...

Q: In context of international trade, explain import-substitution and export-promotion policies.  Which...

A: Globalization means integrating an economy with the world economy. Globalization promotes internatio...

Q: explain the impact of a drop in the discount rate on the supply money in the market

A: The discount rate is the rate of interest set by the central bank on loans it gives to the commercia...

Q: Restaurants in tourists' areas will close during the off-season if their:     AFC is greater ...

A: Answer - Given in the question that Resturants in tourist area will close during off season if. Now ...

Q: Select economic problem occuring from an increase in the money supply and explain what happens.

A: Money:Money refers to anything which can be accepted in exchange of commodity or in repayment of deb...

Q: The slope and position of the long-run aggregate supply curve Suppose the Fed doubles the grow...

A: The Fed doubles the growth rate of quantity of money in the economy which means that there is an inc...

Q: The demand schedule below pertains to sandwiches demanded per week. Price Harry’sQuantityDemanded...

A: The slope is defined as the changes in the given variable concerning the y-axis which is divided by ...

Q: Does a monopolistic competitor produce too much or too little output compared to the most efficientl...

A: A monopolist is a single supplier to a market. The goods produced by a monopolist do not have close ...

Q: Question.  John was discussing the market for cocoa beans with his friend Kim. John said, "Ever sinc...

A: The law of demand is defined as the inverse relationship between the quantity purchased and the give...

Q: NAME: Chapters 2 & 3 Problem 1 Remember to show all work and briefly discuss your results. Minutes N...

A: The opportunity cost is the best alternative use of a resource. It is the value of what one has to g...

Q: In order to produce a new product, a firm must lease equipment at a cost of $10,000 per year. The ma...

A: Break-even Point: It refers to a point at which firm earns only normal profit so, total revenue is e...

Q: nheducation.com/flow/connect.html 10 Homework Saved Help Save & E Refer to the table below and suppo...

A: It is mentioned that the expected rate of interest declines by 2% and if the rate of real interest r...

Q: the second part of the question

A: Answer - Given in the question - Jhones and  Smith decided to allocate $1000 per Year as entertainme...

Q: Suppose that the aggregate demand and aggregate supply schedules for a hypothetical economy are as s...

A: Real GDP demanded can be plotted against price level as shown below with price level on y-axis and R...

Q: Calculate consumer surplus and producer surplus at the equilibrium.

A: The consumer surplus is the difference between the highest price a consumer is willing to pay for a ...

Q: Refer to Figure 2. It shows the imposition of a per-unit tax on the market for cigarettes. S = Marke...

A: New supply curve with tax increases the equilibrium price to PTAX. The new price consumer pays - PTA...

Q: 6.8) Indicate whether each of the following statements is true, false, or uncertain. Explain why   d...

A: d.The horizontal equity theory of the taxation states that the people with similar income levels and...

Q: Nominal versus real GDP. a. Explain the difference between nominal and real GDP. b. Explain in detai...

A: a)Nominal GDP includes both the growth and prices. Real GDP shows only the growth in the economy. Re...

Q: Illustrate how changes in investment (or other components of total spending) can increase or decreas...

A: Multiplier – Multiplier means that a change in economic factor leads to a change in another economic...

Q: In order to produce a new product, a firm must lease equipment at a cost of $25,000 per year. The ma...

A: The highest variable cost for break even on this project can be calculated as follows.

Q: the supply of labor will not change if all prices and wage rates by the same percentage is it true o...

A: The supply of labor will not change if all prices and wage rates by the same percentage  – False

Q: A) What is the value of the marginal propensity to consume? ( Round your answers to one decimal plac...

A: The completed table is shown below:

Q: true or flase question, would like to check my answers thanks! 1. Models are simplificatins that are...

A: The statement that models are a simplification of the real world to see the working of a system is T...

Q: (Table: Profit-Maximizing Monopolist) Refer to the table. When this monopolist sells 8 units, its av...

A: The formulae used in the following table are:Total Revenue = Price * QuantityMarginal Revenue = TRn-...

Q: In order to produce a new product, a firm must lease new equipment. The managers feel that they can ...

A: The quantity of output that can be sold in the market is equal to 10,000 and the per unit price that...

Q: Given the following data: Gross Investment Expenditure.. .$200 Government Transfer Payments...150 Bu...

A: a.The gross domestic product is the sum total of money value of all the final goods and services pro...

Q: 7. LO 2, 4 Suppose that a consumer can earn a higher wage rate for working overtime. That is, for th...

A: Let the consumer has two goods to consume, consumption (C) and leisure (l). The consumer’s budget co...

Q: Confirmation of my true or false questions, thanks for your help!1. A theory is an explanation of th...

A: 1) A theory is an explanation of the casual mechanism behind observed phenomena. Thus, the statement...

Q: ter 12 Homework Saved Help Save & Exit Suppose that consumer spending initially rises by $5 billion ...

A: Given-consumer spending initially rises by $5 billion for every 1 percent rise in household wealth a...

Q: How can businesses determine the attractiveness of a foreign market?

A: The term market attractiveness is a concept that practices many factors to determine whether or not ...

Q: Saved Help Save&Exit Submit Quantity Supplied Quantity Price Demanded $6 300 $1 10 250 $2 50 180 $3 ...

A: If there is no tax, the market will sell the product at the equilibrium price.

Q: For each government action, indicate the type of government activity and justification. Instructions...

A: a) New York city bans smoking in restaurants – EXTERNALITY.  Smoking in public places creates negati...

Q: Economic growth. Two key sources of economic growth have been due to increases in resources and incr...

A: Hey, Thank you for the question. According to our policy we can only answer 1 question per session. ...

Q: Firms A and B are contemplating whether or not to invest in R&D. Each has two options: “Invest” ...

A: Gross revenue is calculated without deducting any type of costs from the revenue generated. 

Q: Explain some reasons why consumption spending and gross private domestic investment spending are so ...

A: GDP (Gross Domestic Product): It refers to the total of market value of all produced final goods and...

Q: Question 22 Consider the firm whose MC, AC, AVC, AFC functions are shown in the following graph. (Th...

A: Click to see the answer