a. What is the profit-maximizing price and output (number
of rounds of golf per week) for the monopolist?
b. What is the average total cost per round of golf at the
profit-maximizing level of output?
c. Calculate the profit, in dollars per week, to this
monopolist.
13. Each scenario below provides the price and output level at which
a single-price monopolist is currently operating. In each case,
determine the firm’s profit per unit, the firm’s total profit, and
whether the firm should increase or decrease its output in order
to maximize profits, assuming the firm does not shut down.
(Drawing diagrams may help you to answer these questions.
Prices and costs are in dollars.)
a. p= 15 , Q= 600 , MR= 7 , ATC= 5 , MC= 7
sean pound
(Sean Pound)
#1