Question
The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price (dollars) Quantity Demanded Marginal Revenue (dollars) Marginal Cost
The table below shows the marginal revenue and costs for a monopolist.
Demand, Costs, and Revenues
Price (dollars) | Quantity Demanded | Marginal Revenue (dollars) | Marginal Cost (dollars) | Average Total Cost (dollars) |
| $130 | 200 | $110 | $25 | $139.00 |
| 120 | 300 | 90 | 32 | 103.30 |
| 110 | 400 | 70 | 40 | 87.50 |
| 100 | 500 | 50 | 50 | 80.00 |
| 90 | 600 | 30 | 62 | 77.00 |
| 80 | 700 | 10 | 77 | 77.00 |
What is the monopolist's profit at the profit-maximizing level of output?
multiple choice
- $80,000
- $0
- $10,000
- $50,000
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Cambridge International AS & A Level Mathematics Probability & Statistics 1 Coursebook
Authors: Dean Chalmers, Julian Gilbey
1st Edition
1108407307, 978-1108407304
