What is the profit-maximizing price

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Suppose a pure monopolist is faced with the cost data shown in the table on the left and a demand schedule shown on the right. Calculate the missing total-revenue and marginal-revenue amounts. Instructions: Enter only whole numbers in the table below. If you are entering a negative numbers, be sure to include a negative sign (-) in front of that number. Production and Costs Demand Total Product Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost Price Quantity Demanded Total Revenue Marginal Revenue 0 na na na na $115 0 $ na 1 $60.00 $45.00 $105.00 $45 100 1 $ 2 30.00 42.50 72.50 40 83 2 3 20.00 40.00 60.00 35 71 3 4 15.00 37.50 52.50 30 63 4 5 12.00 37.00 49.00 35 55 5 6 10.00 37.50 47.50 40 48 6 7 8.57 38.57 47.14 45 42 7 8 7.50 40.63 48.13 55 37 8 9 6.67 43.33 50.00 65 33 9 10 6.00 46.50 52.50 75 29 10

What is the profit-maximizing price?

What is the profit-maximizing Q (quantity)?

What is the monopolist's profit?

Reference no: EM13214299

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