Figure 13.4

-Refer to Figure 13.4.Use the figure above to answer the following questions.
A)What is the profit-maximizing quantity and what price will the monopolist charge?
B)What is the total revenue at the profit-maximizing output level?
C)What is the total cost at the profit-maximizing output level?
D)What is the profit?
E)What is the profit per unit (average profit)at the profit-maximizing output level?
F)If this industry was organized as a perfectly competitive industry, what would be the profit-maximizing price and quantity?

Question

Figure 13.4
 
-Refer to Figure 13.4.Use the figure above to answer the following questions.
A)What is the profit-maximizing quantity and what price will the monopolist charge? 
B)What is the total revenue at the profit-maximizing output level? 
C)What is the total cost at the profit-maximizing output level? 
D)What is the profit? 
E)What is the profit per unit (average profit)at the profit-maximizing output level? 
F)If this industry was organized as a perfectly competitive industry, what would be the profit-maximizing price and quantity?

Quizplus · Accepted Answer

The Answer of Figure 13.4
 
-Refer to Figure 13.4.Use the figure above to answer the following questions.
A)What is the profit-maximizing quantity and what price will the monopolist charge? 
B)What is the total revenue at the profit-maximizing output level? 
C)What is the total cost at the profit-maximizing output level? 
D)What is the profit? 
E)What is the profit per unit (average profit)at the profit-maximizing output level? 
F)If this industry was organized as a perfectly competitive industry, what would be the profit-maximizing price and quantity?

Figure 13.4 -Refer to Figure 13.4.Use the Figure Above to Answer the Above