Microeconomics 6th Edition by Robert Hall, Shirley Kuiper, Marc Lieberman

تمرين 13

Answer the following:
a. Complete the following table and use it to find this monopolist's short-run profit-maximizing level of output. How much profit will this firm earn?
b. Redo the table to show what will happen to the short-run profit-maximizing level of output if the monopolist's marginal costs rise by $1 at each level of output. How much profit will the firm earn now?
c. Redo the original table to show what will happen to the short-run profit-maximizing level of output if the monopolist's marginal cost at each level of output is $0.40 less than before. How much profit would the firm earn in this case?