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c . Suppose that the demand for Molly's product increased by three units at every price level. Complete the table below. table [ [
c Suppose that the demand for Molly's product increased by three units at every price level. Complete the table below.
tabletableQuantity perPeriodtablePrice$tableTotalRevenue
tableMarginalRevenuetableMarginalCostTotal Cost$$$$bar bar bar I,,
d What will be her new profitmaximizing output and price, and what will be the amount of her profit?
Output:
Price: $
Profit: $The following table shows the cost and revenue data for Molly the monopolist.
Quantity per Period Price Total Revenue Marginal Revenue Marginal Cost Total Cost
$ $ $
$ $
a Complete the table above.
b What are Mollys profitmaximizing output and price, and what will be the amount of her profit?
Output:
Price:$
Profit: $
c Suppose that the demand for Mollys product increased by three units at every price level. Complete the table below.
Quantity per Period Price Total Revenue Marginal Revenue Marginal Cost Total Cost
$ $ $ $
$
d What will be her new profitmaximizing output and price, and what will be the amount of her profit?
Output:
Price: $
Profit: $
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