66.In the long run, a pure monopolist will maximize profits by producing that output at whichmarginal cost is equal toA. average total cost.B.marginal revenue.C.average variable cost.D.average cost.67.An unregulated pure monopolist will maximize profits by producing that output at whichA.P= MC.B.P= ATC.C.MR = MC.D. MC = AC.68.Suppose that a pure monopolist can sell 5 units of output at $4 per unit and 6 units at$3.90 per unit. The monopolist will produce and sell the sixthunit if its marginal cost isA.$4 or less.B.$3.90 or less.C.$3.50 or less.D.$3.40 or less. Show 69.Suppose that a pure monopolist can sell 4 units of output at $2 per unit and 5 units at$1.75 per unit. The monopolist will produce and sell the fifthunit if its marginal cost isA. $1 or less.B.$.75 or less.C.$1.75 or less.D.$2 or less.70.Total OutputPriceMarginal RevenueAverage Total CostMarginalCost1$100$100$100.00$302908063.00263806052.67324704049.50405602049.6050650050.0052740-2052.2966830-4055.7580920-6060.671001010-8067.60130Refer to the data for a non discriminating monopolist. This firm will maximize its profit byproducingA. 3 units.B.4 units.C.5 units.D.6 units. 71.Total OutputPriceMarginal RevenueAverage Total CostMarginalCost1$100$100$100.00$302908063.00263806052.67324704049.50405602049.6050650050.0052740-2052.2966830-4055.7580920-6060.671001010-8067.60130Refer to the data for a non discriminating monopolist. At its profit-maximizing output, thisfirm will be operating in theA.perfectly elastic portion of its demand curve.B.perfectly inelastic portion of its demand curve.C.elastic portion of its demand curve.D. inelastic portion of its demand curve.72.Total OutputPricMarginal RevenueAverage Total CostMarginal eCost1$100$100$100.00$302908063.00263806052.67324704049.50405602049.6050650050.0052740-2052.2966830-4055.7580920-6060.671001010-8067.60130Refer to the data for a nondiscriminating monopolist. At its profit-maximizing output, thisfirm's price will exceed its marginal cost byand itsaverage total cost by.A. $20; $27.33B. $10; $10.40C. $24; $27.33D.$30; $20.5073.Total OutputPriceMarginal RevenueAverage Total CostMarginalCost1$100$100$100.00$302908063.00263806052.67324704049.50405602049.6050650050.0052740-2052.2966830-4055.7580920-6060.671001010-8067.60130 Refer to the data for a nondiscriminating monopolist. At its profit-maximizing output, thisfirm's total costs will beA. $300.B. $248.C.$198.D. $126.74.Total OutputPriceMarginal RevenueAverage Total CostMarginalCost1$100$100$100.00$302908063.00263806052.67324704049.50405602049.6050650050.0052740-2052.2966830-4055.7580920-6060.671001010-8067.60130Refer to the data. At its profit-maximizing output, this firm's total revenue will beA. $300.B. $198.C. $180.D.$280. Upload your study docs or become a Course Hero member to access this document Upload your study docs or become a Course Hero member to access this document When a pure monopolist is producing its profitThe level of output that maximizes a monopoly's profit is when the marginal cost equals the marginal revenue.
What is the profitThe profit-maximizing choice for the monopoly will be to produce at the quantity where marginal revenue is equal to marginal cost: that is, MR = MC. If the monopoly produces a lower quantity, then MR > MC at those levels of output, and the firm can make higher profits by expanding output.
Which of the following statements is correct the pure monopolist will maximize?The correct option is (C.)
The pure monopolist maximizes profits by producing the output at which the differential between price and the average cost is the greatest. This is so because monopolists use the over-allocation of resources, increasing the marginal cost that will raise their firms' profits.
What is the number of output that company in monopoly will produce to get the maximum profit?Total profit is maximized where marginal revenue equals marginal cost. In this example, maximum profit occurs at 5 units of output. A perfectly competitive firm will also find its profit-maximizing level of output where MR = MC.
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An unregulated pure monopolist will maximize profits by producing that output at which
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