Questions 1-4

At equilibrium output MC 1 . total revenue is ? ATL 2 . total cost is ? 15 AR 6 3 . total profit / loss ( - 7 is? AVC 4 . total fixed cost is 5 . Average Piled cost is ? 130 150 Quantity 6 . Marginal revenue is ? 1. At what output ( D) will this firm maximize profit ? N MC 2. At what price CPS will this firm maimize profit ? 3 . what is the total Revenue (TR ) earned at this output ATC level . 4 . What is the total cost (TCSaccrued at this output. 5. what profit (pi) is carved ? 65 MR 370 3420 470 output 3 . Given the following information for a monopoly firm: Demand : P= 72 - 4 (@ ) Marginal revenue : MR = 72 - 8 ( Q) , Marginal cost: ( MC ) = 2(Q) + 6 , Average total cost of equilibrium is 28 . a ) what output ( Q) will this firm maximize profit ? b ) At what Price ( PS will this firm maximize profit ? ") what is the total revenue ( TR ) earned at this output level . d ) what is the total cost ( TC) accused at this output ? ( ) what profit is earned ? f ) what is the social optimal quantity . gl what is the social optimal price ? 4 . ( Assume this firm is a monopolistly competitor ) MC Answer Same 5 questions as question 2 ATC except 6 - 8 6. If this firm were perfectly competitive , what D = AR quantity would be produced ? 13: 37 MR 7 . If this firm were perfectly competitive , what 500 625 Q price would be changed ? 8 . Is this monopolistically competitive firm in a long run situation yes or No