Why is monopolist revenue curve different from competitor

Reference no: EM13239962

Principles of Economics
Monopoly and Competition Assignment Worksheet
Directions
This assignment focuses on the comparison of perfect competition and monopoly in terms of efficiency and fairness. To complete this assignment you must complete all of the following questions.
Microeconomic Problem

Price Quantity Demanded Total Revenue Marginal Revenue
$10 0 -
$9 1
$8 2
$7 3
$6 4
$5 5
$4 6
$3 7
$2 8
$1 9

Notice what happens to Fred's total revenue as he produces and sells more-it graphs like a haystack, first going up, and then going down. A perfect competitor has a linear upsloping total revenue curve. Why? Why is the monopolist total revenue curve different from that of a pure competitor?

Reference no: EM13239962

Questions Cloud

Find the acceleration of the box : A student decides to move a box of books into her dormitory room by pulling on a rope attached to the box, Find the acceleration of the box

Find the value of t that maximizes the govts tax revenue : The supply and demand equations of a good are given by : Qs=-8+P and Qd= (80/3)-(1/3)P respectively. P is measured in dollars. Suppose the government decides to impose a constant per unit tax of $t on the supplier.

How much are households paid for providing the ability : Suppose that businesses buy a total of $100 billion of the following resources labor, land, capital, and entrepreneurial ability from households, if the households receive $60 billion in wages, $10 billion in rent, and $20 billion in interest

Define atmospheric pressure decreases as altitude increases : Atmospheric pressure decreases as altitude increases. In other words, there is more air pushing down on you at sea level, and there is less air pressure pushing down on you when you are on a mountain.

Why is monopolist revenue curve different from competitor : This assignment focuses on the comparison of perfect competition and monopoly in terms of efficiency and fairness. To complete this assignment you must complete all of the following questions. Microeconomic Problem

Explain what is the concentration of cl- in the new solution : When 26 mL of a 155 mL stock solution containing 2.1 M AlCl3 is diluted to 76 mL, what is the concentration of Cl- in the new solution

Find the average net force of the ball : A baseball with a mass of 0.152 kg is moving horizontally at 32.0 m/s [E], when it is struck by a bat for 0.00200 seconds, Find the average net force of the ball

Find what is the rate of interest on borrowed funds : Assume I sell rubber garden hoses. I sell my hoses for $10 each and expect to sell 100,000/year for the next three years. My fixed costs are $185,000 and my variable costs are expected to be $650,000, 690,000 and 750,000

Calculate the maximum voltage : A 8.05 k? and a 7.05 k? resistor are connected in parallel. This combination is then connected in series with a 2.95 k, what is the maximum voltage that can be applied across the whole network

User Account

All Pages