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The following table shows the cost and revenue data for Molly the monopolist. Quantity per Total Marginal Marginal Period Price Revenue Revenue Cost Total Cost
The following table shows the cost and revenue data for Molly the monopolist. Quantity per Total Marginal Marginal Period Price Revenue Revenue Cost Total Cost 0 $31 $ $ 5 30 $ 30 2 29 52 w 28 70 4 27 83 5 26 105 6 25 128 24 152 23 177 22 204 a. Complete the table above. b. What are Molly's profit-maximizing output and price, and what will be the amount of her profit? Output: Price:$ Profit: $ c. Suppose that the demand for Molly's product increased by three units at every price level. Complete the table below. Quantity per | Total Marginal MarginalPrice:$ Profit: $ c. Suppose that the demand for Molly's product increased by three units at every price level. Complete the table below. Quantity per Total Marginal Marginal Period Price Revenue Revenue Cost Total Cost $31 $ $ 30 $ 29 28 27 26 25 24 23 22 7 d. What will be her new profit-maximizing output and price, and what will be the amount of her profit? Output: Price: $ Profit: $
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