A maiono face the following demand curve
Price
$10
$9 $8
$7
$6
$5 $4
$3
Quantity Demanded
5
10
16 23
31 49
52
60
Refer to Table 15-3. Consider that the monopolist has total fixed costs of $40 and a constant marginal cost of 55, AL the profit-maximizing level of output, what is the monopolist's average total cost?
A maiono face the following demand curve
Price
$10
$9 $8
$7
$6
$5 $4
$3
Quantity Demanded
5
10
16 23
31 49
52
60
Refer to Table 15-3. Consider that the monopolist has total fixed costs of $40 and a constant marginal cost of 55, AL the profit-maximizing level of output, what is the monopolist's average total cost?
Related textbook solutions
Related questions
Table 15-10 The monopolist faces the following demand curve:
| Price | Quantity |
| $10 | 5 |
| $9 | 10 |
| $8 | 16 |
| $7 | 23 |
| $6 | 31 |
| $5 | 45 |
| $4 | 52 |
| $3 | 60 |
Refer to Table 15-10. If the monopolist has total fixed costs of $40 and a constant marginal cost of $5, what is the profit-maximizing level of output?
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The table below shows the marginal revenue and costs for a monopolist.
| Demand, Cost and Revenues | ||||
| Price ($) | Quantity demanded | Marginal Revenue ($) | Marginal Cost ($) | Average Total Cost ($) |
| 125 | 200 | 125 | 25 | 139 |
| 118 | 300 | 104 | 32 | 103.3 |
| 111 | 400 | 90 | 40 | 87.5 |
| 104 | 500 | 76 | 50 | 80 |
| 97 | 600 | 62 | 62 | 77 |
| 90 | 700 | 48 | 77 | 77 |
Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (in front of those numbers.)
a. What is the monopolist's profit-maximizing level of output?
b. What is the monopolist's profit at the profit-maximizing level of output?
