Question
a. Complete the table below, which shows the costs and revenues of Solo the monopolist. (You may assume that the demand curve is a straight
a. Complete the table below, which shows the costs and revenues of Solo the monopolist. (You may assume that the demand curve is a straight line.) Leave no cells blank - be certain to enter "0" wherever required. Quantityper Period Price TR MR MC TC0 / / / / $661 $32 $ $ $8 742 7 813 28 6 874 5 925 120 6 986 7 1057 20 8 1138 9 1229 10 13210 12 144b. What are the values of the profit-maximizing output, price, and total profit or loss? Output: Price: $ Total (Click to select) : $ c. At what output will total revenue be maximized, and what will be the value of total revenue? Output (units): Total revenue: $ d. What is the value of MR when profits are maximized and when total revenue is maximized? MR is $ when profits are maximized. MR is when total revenue is maximized.
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