Exhibit 0141 S/Q MC ATC a -- 4 MR 0 9 - The irm in Exhibit 0141. a nonaisenminat

Question

Exhibit 0141 S/Q MC ATC a -- 4 MR 0 9 - The irm in Exhibit 0141. a nonaisenminating monopolist, will produce where (a) MR=0. (b) MR MC (c) MC MR. (d) MCATC. (e) D = MC. The profi t-maximizing level of output and price for the firm in Exhibit 0141. a (a) fand Sa. (b) g and Sc. (c) fand Sb. (d) f and Sd. (e) f and Se The total revenue for the firm in Exhibit 0141. a nondiscriminating monopolist that maximizes profit is (a) S0e x of (e) Sod 3 The toual cost for the firm in Exhibiti 0141, a monopolist that maximizes profit while charging all customers the same price, is (a) SOd times Of. (b) SOe times Of (c) SOb times of (d SOa times Of (e) SOr times 0g. The firm in Exhibit 0141. a nondiseriminating monopolist that maximizes profit, its (a) earning a proft of Sdb times Of (b) eaming a loss of Sdb times Of (c) eaning a normal profit. (d) earning a loss of SOd times 0 e) eaning a loss of Sed times Of. At the proñt-maximizing output, price is greater than marginal cost (a) for a monopolistically competitive firm only in the short run. (b) for a monopolistically competitive firm only in the long run. (c) for a monopolistically competitive firm in both the short run and the long run. (d) for a perfectly competinve firm only in the short run. (e) for a perfectly competitive firm only in the long run.

Explanation / Answer

Answer.)

Q15.) b.) MR = MC

Q16.) d.) f and $d

Q17.) c.) $0d x 0f

Q18.) b.) $0e x 0f

Q19.) e.) earning a loss of $ed times 0f

Q20.) a.) for a monopolistically competitive firm only in the short run.

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