What is the monopolist profit

Assignment Help Business Economics
Reference no: EM132098850

A profit-maximizing monopolist charges a price of $12. The intersection of the marginal revenue and marginal cost curves occurs where output is 10 units and marginal cost is $6. Average total cost for 10 units of output is $5. What is the monopolist's profit?

Reference no: EM132098850

Questions Cloud

Propose a new approach that could be used by alliance : Propose a new approach that could be used by Alliance by using the purchase information that can be obtained on individual customers.
Describe the specific areas that indicate a need for change : Determine what changed objectives, or newly implemented interventions, are required to improve the company's position within its market.
Explain opportunity cost and some constraints : Please explain opportunity cost and some constraints the firm would face in maximizing the profit.
Explain what you think about the argument : Defend your point of view by raising specific issues or aspects of the argument. Offer your own opinion. Explain what you think about the argument.
What is the monopolist profit : Average total cost for 10 units of output is $5. What is the monopolist's profit?
Explain what is meant by expert systems : Explain the role of knowledge management systems. Explain what is meant by expert systems. Explain what is meant by content management systems.
What do you conclude from carver''s and maylors analogy : What do you conclude from Carver's and Maylor's analogy? And, what on earth do Carver and Maylor mean by structural and dynamic complexity?
Analyze a multinational corporations : Read and analyze a multinational corporation's (MNC's) list of values/ value statement/or code of ethics.
List and explain each step of the adkar model : List and explain each step of the ADKAR Model and describe what you would do under each of these steps to help the employees of the customer service.

Reviews

Write a Review

Business Economics Questions & Answers

  True statement about real and nominal? gdp

Which of the following is included in both the U.S. GDP and U.S.? GNP? The primary policy goals of the United States are. Which of the following is a true statement about real and nominal? GDP?

  Considered unemployed according to official statistics

Who of the following people are considered unemployed according to official statistics? (Mark off ALL who are considered unemployed.) choose which?

  Investment-net exports-interest rate and the exchange rate

The country of G is a small, open economy. Suddenly, a change in world fashions makes the exports of G popular. Explain what happens to public and private savings, investment, net exports, the interest rate, and the exchange rate.

  What is the dividend yield for stock

The current stock price is $24.59. What is the dividend yield for this stock using this information?

  How to prepare a time-series model

How to prepare a Time-Series Model that explains how that organization is detailing the trends, business cycles, seasonal variations and random fluctuations?

  Describe biological changes associated with later adulthood

Describe the biological changes associated with later adulthood. Describe services or programs in your local community that later adults would benefit from accessing based upon their level of independence.

  What is the price of an additional dollar of local spending

Suppose that Colorado is considering two alternative methods of funding local road construction, matching grants and block grants. In the case of the matching grant, Colorado will spend $1 for every $1 spent by localities. What is the price of an add..

  What is the cia triad

What is the CIA Triad? Be sure to include APA citation for any sources you use. Why is it important to implement the CIA Triad? Which part of the triad is the most important in security?

  Construct a demographic transition plot

Construct a demographic transition plot for your country with the birth rate, death rate, and population level all on the same graph over the period 1960—2010 (there may be missing data; connect points using straight line; put population on the right..

  Explain how many coupons would it is rational

If he is an expected utility maximize who tries to maximize the expected value of ln W, where ln W is the natural log of his wealth, Explain how many coupons would it is rational for him to buy.

  Discuss the factors that affect the aggregate supply

Discuss the factors that affect the aggregate supply (shift the aggregate supply curve) and the factors that affect the aggregate demand (shift the aggregate de

  Market demand curve for labor in electronics factories

State whether each of the following events will result in a movement along the market demand curve for labor in electronics factories in China or whether it will cause the market demand curve for labor to shift. If the demand curve shifts, indicate w..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd