топороту II. GRAPH Regular Monopoly Natural Monopoly Show Deadweight Loss On Show Economic Profit/Loss On ($) Price, Average/Marginal Cost གླུ ིི⪜ཞྲི་ཤཱ ཎྜ R R གླུ 225 200 175 150 125 100 SETTINGS ATC MC=AVC MR D 0 20 40 60 80 100 120 140 160 180 Quantity (units per month) Reset PROFIT CALCULATIONS Market Price (P) $125.00 Cost Structure Low Cost High Cost Marginal Revenue (MR) $50.00 b C d с t 9 h 1 k Marginal Cost (MC) $55.00 Quantity 10 Quantity 60 Revenue $7,500.00 120 Costs $5,700.00 Profit $1,800.00 Instructions: Make sure the interactive is set to "Natural Monopoly" on the upper right side of the Graph section. When "Natural Monopoly" is selected, it will have a dark blue background. With the Cost Structure (in the settings section) set to "b" a. What is the profit maximizing quantity? units b. What is the maximum profit (minimum loss) that can be earned? $ c. What is the marginal revenue? $ d. What is the marginal cost? $ e. What is the profit maximizing / loss minimizing price? $
топороту II. GRAPH Regular Monopoly Natural Monopoly Show Deadweight Loss On Show Economic Profit/Loss On ($) Price, Average/Marginal Cost གླུ ིི⪜ཞྲི་ཤཱ ཎྜ R R གླུ 225 200 175 150 125 100 SETTINGS ATC MC=AVC MR D 0 20 40 60 80 100 120 140 160 180 Quantity (units per month) Reset PROFIT CALCULATIONS Market Price (P) $125.00 Cost Structure Low Cost High Cost Marginal Revenue (MR) $50.00 b C d с t 9 h 1 k Marginal Cost (MC) $55.00 Quantity 10 Quantity 60 Revenue $7,500.00 120 Costs $5,700.00 Profit $1,800.00 Instructions: Make sure the interactive is set to "Natural Monopoly" on the upper right side of the Graph section. When "Natural Monopoly" is selected, it will have a dark blue background. With the Cost Structure (in the settings section) set to "b" a. What is the profit maximizing quantity? units b. What is the maximum profit (minimum loss) that can be earned? $ c. What is the marginal revenue? $ d. What is the marginal cost? $ e. What is the profit maximizing / loss minimizing price? $
Chapter13: Monopoly And Antitrust
Section: Chapter Questions
Problem 7P
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