What output will the monopolist produce

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Reference no: EM131173825

What is the short-run condition for the monopolistIn the following table are demand and cost data for a pure monopolist. Complete the table by filling in the columns for total revenue, marginal revenue, and marginal cost. Answer these three questions:

(a) What output will the monopolist produce?

(b) What price will the monopolist charge?

Total Marginal Total Marginal

Quantity Price revenue revenue cost cost

0 $34 $______ $ 20

1 32 ______ $______ 36 $______

2 30 ______ ______ 46 ______

3 28 ______ ______ 50 ______

4 26 ______ ______ 54 ______

5 24 ______ ______ 56 ______

6 22 ______ ______ 64 ______

7 20 ______ ______ 80 ______

8 18 ______ ______ 100 ______

9 16 ______ ______ 128 ______

10 14 ______ ______ 160 ______

Reference no: EM131173825

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