Total Output 1 Marginal Revenue Average Total Cost Marginal Cost Price $100 $100 $100.00 $30 90 80 63.00 26 80 60 52.67 32 4. 70 40 49.50 40 60 20 49.60 50 50 50.00 52 40 -20 52.29 66 8. 30 -40 55.75 80 9 20 -60 60.67 100 10 10 -80 67.60 130 Refer to the table above for a pure monopolist. The profit-maximizing price for this monopolist is: $ 60 $90 $70 $80
Total Output 1 Marginal Revenue Average Total Cost Marginal Cost Price $100 $100 $100.00 $30 90 80 63.00 26 80 60 52.67 32 4. 70 40 49.50 40 60 20 49.60 50 50 50.00 52 40 -20 52.29 66 8. 30 -40 55.75 80 9 20 -60 60.67 100 10 10 -80 67.60 130 Refer to the table above for a pure monopolist. The profit-maximizing price for this monopolist is: $ 60 $90 $70 $80
Chapter12: Medicare
Section: Chapter Questions
Problem 5QAP
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Transcribed Image Text:Total
Marginal
Revenue
Average
Total Cost
Marginal
Output
Price
Cost
$100
$100
$100.00
$30
06
80
63.00
26
80
60
52.67
32
70
40
49.50
40
60
20
49.60
50
50
50.00
52
40
30
-20
52.29
66
8.
-40
55.75
80
9.
20
-60
60.67
100
10
10
-80
67.60
130
Refer to the table above for a pure monopolist. The profit-maximizing price for this
monopolist is:
O$ 60
$90
$70
$80
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