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Category > Economics Posted 22 Jun 2017 My Price 6.00

cost and revenue curves

FOR ALL FIGURES THEY ARE ATTACHED! THANK YOU!

 

1.The figure below shows the cost and revenue curves for a monopolist. The maximum profit earned by the non-discriminating monopolist is:

figure 9.6

a. ​$95,200.

 

b. ​$42,000.

 

c. ​$18,200.

 

d. ​$84,000.

 

e. ​$53,200.

2.The figure below shows the cost and revenue curves for a monopolist. The profit-maximizing level of output and price for the monopolist are:

figure 9.7

a. ​f units and $a.

 

b. ​g units and $c.

 

c. ​f units and $b.

 

d. ​f units and $d.

 

e. ​ f units and $e.

3.The figure below shows the cost and revenue curves for a monopolist. The profit-maximizing price for the non-discriminating monopolist is _____.

figure 9.8

a. ​$76

 

b. ​$110

 

c. ​$136

 

d. ​$60

 

e. ​$120

 

 

4.The figure below shows the cost and revenue curves for a monopolist. If the monopolist does not price discriminate among its customers, the total amount consumers will spend on its profit-maximizing output is _____.

figure 9.9

a. ​$42,000

 

b. ​$79,000

 

c. ​$84,000

 

d. ​$95,200

 

e. ​$53,200

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SuperTutor
(15)
Status NEW Posted 22 Jun 2017 01:06 AM My Price 6.00

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