subject
Business, 16.04.2020 01:05 kingalex7575

Consider a MONOPOLIST that is currently maximizing profits. At the current output level the average variable cost is $18, total revenue is $8,510, and the price is $23. If this monopolist produced nothing, its total cost in the short run would be $2,590.A) Calculate the monopolist's profit at the current level of output. Show your work. B) Draw a graph of the monopolist's demand, marginal revenue, and cost curves (assume that they all have the usual shape), and clearly show the current situation (indicate all the values on the axes). Shade the area corresponding to the monopolist's profit. c) What should this monopolist do in the long run? EXPLAIN

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 05:00
The new york stock exchange is an example of what type of stock market?
Answers: 1
question
Business, 22.06.2019 11:50
The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.
Answers: 3
question
Business, 22.06.2019 13:30
After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of schenkel enterprises. unfortunately, you will be the only person voting for you. the company has 375,000 shares outstanding, and the stock currently sells for $40, if there are four seats in the current election, how much will it cost you to buy a seat?
Answers: 2
question
Business, 23.06.2019 05:30
What are some examples of types of investments on the part of manufactures that result in growth? how does this improve a nation's standard of living?
Answers: 3
You know the right answer?
Consider a MONOPOLIST that is currently maximizing profits. At the current output level the average...
Questions
question
English, 20.09.2019 04:30
question
Mathematics, 20.09.2019 04:30
Questions on the website: 13722362