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Themarginalrevenuecurveofamonopolycrossesitsmarginalcostcurveat$30perunitandanoutputof2millionunits.Thepricethatconsumersarewillingtopayforthisoutputis$40perunit.Ifitproducesthisoutput,thefirm'saveragetotalcostis$43perunit.Whatistheprofit-maximizing(loss-minimizing)output?Whatarethefirm'seconomicprofits(oreconomiclosses)? Can you help me in placing this in excel?
- Themarginalrevenuecurveofamonopolycrossesitsmarginalcostcurveat$30perunitandanoutputof2millionunits.Thepricethatconsumersarewillingtopayforthisoutputis$40perunit.Ifitproducesthisoutput,thefirm'saveragetotalcostis$43perunit.Whatistheprofit-maximizing(loss-minimizing)output?Whatarethefirm'seconomicprofits(oreconomiclosses)?
Can you help me in placing this in excel?
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Managerial Economics and Organizational Architecture
Authors: James Brickley, Clifford W. Smith Jr., Jerold Zimmerman
6th edition
