Question

The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price (dollars) | Quantity Demanded | Marginal Revenue (dollars) | Marginal Cost (dollars) | Average Total Cost (dollars) $146 | 150 | $146 | $25 | $139.00 138 | 250 | 126 | 50 | 103.30 130 | 350 | 110 | 48 | 87.50 122 | 450 | 94 | 94 | 89.00 114 | 550 | 78 | 29 | 78.00 106 | 650 | 62 | 46 | 73.00 Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. a. What is the monopolist's profit-maximizing level of output? units b. What is the monopolist's profit at the profit-maximizing level of output?

          The table below shows the marginal revenue and costs for a monopolist.
Demand, Costs, and Revenues
Price (dollars) | Quantity Demanded | Marginal Revenue (dollars) | Marginal Cost (dollars) | Average Total Cost (dollars)
$146 | 150 | $146 | $25 | $139.00
138 | 250 | 126 | 50 | 103.30
130 | 350 | 110 | 48 | 87.50
122 | 450 | 94 | 94 | 89.00
114 | 550 | 78 | 29 | 78.00
106 | 650 | 62 | 46 | 73.00
Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers.
a. What is the monopolist's profit-maximizing level of output?
units
b. What is the monopolist's profit at the profit-maximizing level of output?

The table below shows the marginal revenue and costs for a monopolist.
Demand, Costs, and Revenues
Price (dollars) | Quantity Demanded | Marginal Revenue (dollars) | Marginal Cost (dollars) | Average Total Cost (dollars)
146 | 150 |146 | 25 |139.00
138 | 250 | 126 | 50 | 103.30
130 | 350 | 110 | 48 | 87.50
122 | 450 | 94 | 94 | 89.00
114 | 550 | 78 | 29 | 78.00
106 | 650 | 62 | 46 | 73.00
Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers.
a. What is the monopolist's profit-maximizing level of output?
units
b. What is the monopolist's profit at the profit-maximizing level of output?

Added by Tyrone H.

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