Profits for this firm is the area bound by: CHGA The profit maximizing price for

Question

Profits for this firm is the area bound by:

CHGA

The profit maximizing price for this firm is:

C

The profit maximizing quantity for this firm is:

L

A monopolist can sell 8 units at $6, 9 units at $5, and 10 units at $4. The marginal revenue of the 10th unit is

A. DMPC B. EIHC C. AGF0 D. 0 E.

CHGA

The profit maximizing price for this firm is:

A. E B. D C. B D. A E.

C

The profit maximizing quantity for this firm is:

A. J B. N C. F D.

L

A monopolist can sell 8 units at $6, 9 units at $5, and 10 units at $4. The marginal revenue of the 10th unit is

A. $5 B. - $5 C. - $1 D. $4

Explanation / Answer

Q1.
EICH
where MR=MC and quantity cut the demand (I) curve at price(E)
Q2
E
which is equal to demanded quantity F
Q3
F
Q4
$4
Because the price of the tenth item is $4. and marginal revenue is addition into revenue when one unit of sell increases

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