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ID: 1188149 • Letter: #
Question
"border: 0px currentColor; height: 0px; left: 0px; margin: 0px; padding: 0px; position: absolute; top: 1435px; width: 748px; z-index: 101"
id="MathJax_MSIE_Frame">
'color: windowtext; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi;'>
'color: windowtext; font-family: "Calibri","sans-serif"; font-size: 8pt; mso-bidi-font-size: 11.5pt;'>Consider
the following graph:
"mso-spacerun: yes;">
Need formulas and calculations
with this
'color: windowtext; font-family: "Calibri","sans-serif"; font-size: 8pt; mso-bidi-font-size: 11.5pt;'>
Based on the above graph, answer the following questions for a
monopoly and a perfectly competitive firm.
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A. For the monopolist:
'color: windowtext; font-family: "Calibri","sans-serif"; font-size: 8pt; mso-bidi-font-size: 11.5pt;'>
i. Profit maximizing output
'color: windowtext; font-family: "Calibri","sans-serif"; font-size: 8pt; mso-bidi-font-size: 11.5pt;'>
ii. ATC =
'color: windowtext; font-family: "Calibri","sans-serif"; font-size: 8pt; mso-bidi-font-size: 11.5pt;'>
iii. AR =
'color: windowtext; font-family: "Calibri","sans-serif"; font-size: 8pt; mso-bidi-font-size: 11.5pt;'>
iv. Price
'color: windowtext; font-family: "Calibri","sans-serif"; font-size: 8pt; mso-bidi-font-size: 11.5pt;'>
v. Total Revenue =
'color: windowtext; font-family: "Calibri","sans-serif"; font-size: 8pt; mso-bidi-font-size: 11.5pt;'>
vi. Total Cost =
'color: windowtext; font-family: "Calibri","sans-serif"; font-size: 8pt; mso-bidi-font-size: 11.5pt;'>
vii. Profit =
'color: windowtext; font-family: "Calibri","sans-serif"; font-size: 8pt; mso-bidi-font-size: 16.0pt;'>
GE273: Week 8 Monopoly versus Perfect Competition
'color: windowtext; font-size: 8pt; mso-bidi-font-family: "Times New Roman"; mso-bidi-theme-font: minor-bidi; mso-bidi-font-size: 11.0pt;'>
Page 2
"font-size: 8pt; mso-no-proof: yes; mso-bidi-font-size: 12.0pt;">
'color: windowtext; font-family: "Calibri","sans-serif"; font-size: 8pt; mso-bidi-font-size: 11.5pt;'>
B. For the perfectly competitive firm:
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i. Profit maximizing output =
'color: windowtext; font-family: "Calibri","sans-serif"; font-size: 8pt; mso-bidi-font-size: 11.5pt;'>
ii. ATC =
'color: windowtext; font-family: "Calibri","sans-serif"; font-size: 8pt; mso-bidi-font-size: 11.5pt;'>
iii. AR =
'color: windowtext; font-family: "Calibri","sans-serif"; font-size: 8pt; mso-bidi-font-size: 11.5pt;'>
'color: windowtext; font-family: "Calibri","sans-serif"; font-size: 8pt; mso-bidi-font-size: 11.5pt;'>
iv. Price =
'color: windowtext; font-family: "Calibri","sans-serif"; font-size: 8pt; mso-bidi-font-size: 11.5pt;'>
v. Total Revenue =
'color: windowtext; font-family: "Calibri","sans-serif"; font-size: 8pt; mso-bidi-font-size: 11.5pt;'>
vi. Total Cost =
Explanation / Answer
what is the question it is unreadable due to inappropriate signs........
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