Total Output Price Marginal
Revenue
Average
Total Cost
Marginal
Cost
1 $100 $100 $100.00 $30
2 90 80 63.00 26
3 80 60 52.67 32
4 70 40 49.50 40
5 60 20 49.60 50
6 50 0 50.00 52
7 40 -20 52.29 66
8 30 -40 55.75 80
9 20 -60 60.67 100
10 10 -80 67.60 130
Refer to the data for a nondiscriminating monopolist.At its profit-maximizing output, this firm's price will exceed its marginal cost by and its average total cost by .
A)$20; $27.33
B)$10; $10.40
C)$24; $27.33
D)$30; $20.50

Question

Quizplus · Accepted Answer

The Answer of Total Output Price Marginal
Revenue
Average
Total Cost
Marginal
Cost
1 $100 $100 $100.00 $30
2 90 80 63.00 26
3 80 60 52.67 32
4 70 40 49.50 40
5 60 20 49.60 50
6 50 0 50.00 52
7 40 -20 52.29 66
8 30 -40 55.75 80
9 20 -60 60.67 100
10 10 -80 67.60 130
Refer to the data for a nondiscriminating monopolist.At its profit-maximizing output, this firm's price will exceed its marginal cost by and its average total cost by .
A)$20; $27.33
B)$10; $10.40
C)$24; $27.33
D)$30; $20.50