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

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