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Question 5 0.67 pts The table above shows the demand for a monopolist's output. The marginal revenue of increasing production from 3 to 4 units
Question 5 0.67 pts The table above shows the demand for a monopolist's output. The marginal revenue of increasing production from 3 to 4 units is $ Just enter a value. Do not include the "$" sign. Round your answer two decimal points. For example, 0.51 or 12.30. D Question 6 Quantity Price (pizzas (dollars per day) per pizza) The table above shows the demand for a monopolist's output. If the pizzeria is a single-price monopoly and the marginal cost of a pizza is $6, then the rm's prot maximizing output is pizzas. At that amount the rm charges a price of $ and its total revenue is $ Just enter a value. Do not include the "$" sign. D Question 7 0.67 pts 18 15 Price and costs (dollars per unit) 12 9 6 X 0 3 6 9 12 15 18 W Quantity (units per day) The figure above shows the cost, demand, and marginal revenue curves for a monopoly. The firm's profit maximizing level of output is units at a price of $ Just enter a value. Do not include the "$" sign.D Question 8 0.67 pts 50 40 Price and costs (dollars per unit) 30 20 X X 10 20 30 40 50 60 W Quantity (units per day) The figure above shows the cost, demand, and marginal revenue curves for a monopoly. At the profit maximizing level of output, the firm's total revenue is $ total cost is $ and economic profit is $ Just enter a value. Do not include the "$" sign
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