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Thank you! The figure below shows the cost and revenue curves for a monopolist.

For all of the questions the tables (figures) are in the attachment. Thank you!


  1. The figure below shows the cost and revenue curves for a monopolist. Assume that the monopolist does not shut down production in the short run. The profit-maximizing price and output for this non-price discriminating monopolist are:

figure 9.4

a. ​$4 and 7 units, respectively.

b. ​$1 and 7 units, respectively.

c. ​$2 and 7 units, respectively.

d. ​$3.50 and 10 units, respectively.

e. ​$1 and 10 units, respectively.


2. The figure below shows the cost and revenue curves faced by a monopolist. At the profit-maximizing output level for the monopolist, _____.

figure 9.1

a. ​marginal revenue is zero

b. ​marginal cost is less than marginal revenue

c. ​marginal cost is equal to average total cost

d. ​marginal revenue is equal to marginal cost

e. ​price is equal to marginal cost


3.The figure below shows the cost and revenue curves for a monopolist. The output level that maximizes profit for the non-price discriminating monopolist is _____.

figure 9.6

a. ​884 units

b. ​1,000 units

c. ​976 units

d. ​810 units

e. ​700 units

4.The figure below shows the cost and revenue curves for a non price-discriminating monopolist. At the profit-maximizing output, the non price-discriminating monopolist is earning a profit of _____.

figure 9.2

a. ​$15,200

b. ​$13,320

c. ​$11,000

d. ​$0

e. ​$6,200

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2 comments
  • thank you!
    • Kmarg216216
    • Jun 16, 2017 at 4:18pm
  • welcome
    • tutoringhero2
    • Jun 16, 2017 at 4:25pm

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