Question
need some help thank you.
A profit-maximizing monopolist operates where demand is: unit elastic. inelastic. elastic. infinitely elastic. none of the above. A monopolist will operate at the quantity where: MR. = MC and charge a price equal to marginal revenue. MR = MC and charge a price equal to average variable cost. MR = MC and charge a price corresponding to average total cost at that level. MR = MC and charge a price corresponding to demand at that level. What is the maximum amount of profit that the firm below could generate? Refer to Figure 8-A. The profit-maximizing firm will produce at what level of output? Refer to Figure 8-A. If the finn is profit maximizing, the region bounded by CADE represents: Refer to Figure 8-A. The profit-maximizing firm's total revenue is indicated in the diagram as area: Refer to Figure 8-A. Total cost when the monopolist is maximizing profits is indicated by area: Refer to Figure 8-A. The socially efficient level of output equals:
Explanation / Answer
119 d
120 d
121 c
122 b
123 a
124 d
125 b
126 d
127 a
128 c
129 b
