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Marginal revenue of the unit of output

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1. A monopolist can sell 300 units of output for $29.00 per unit. Alternatively, it can sell 301 units of output for $28.25 per unit. The marginal revenue of the 301st unit of output is:

A.$196.75.

B.-$0.75.

C.$28.25.

D.-$196.75.

2. Suppose a monopolist faces the demand curve P = 164 - 1Q. The monopolist's marginal costs are a constant $22 and they have fixed costs equal to $132. Given this information, what will the profit-maximizing price be for this monopolist?

Round your answer to two decimal places. Do not use a $ sign.

3. Suppose a monopolist faces the demand curve P = 137 - 1Q. The monopolist's marginal costs are a constant $25 and they have fixed costs equal to $104. Given this information, what are the maximum profits this firm can earn?

Round your answer to two decimal places. Do not use a $ sign.

4. Suppose a monopolist faces the demand curve P = 122 - 2Q. The monopolist's marginal costs are a constant $17 and they have fixed costs equal to $115. Given this information, if the firm maximizes their profits, what would be size of the deadweight loss in this market?

Round your answer to two decimal places. Do not use a $ sign.

Reference no: EM131709312

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