monopolist's marginal cost

Related BrainMass Solutions

• Lerner Index: Finding Monopolist's Profit Maximizing Output

  The monopolist has a constant marginal and average total cost of $50 per unit. a. Find the monopolist's profit-maximizing out-put and price. b. Calculate the monopolist's profit. c. What is the Lerner Index for this industry?

• Calculate the optimal parameters in the given case.

  Revenue is more than or equal to Marginal Cost.

• monopolistis quantity, price and profit

  Calculate the monopolist's profit-maximizing quantity, price and profit. A monopolist has a constant marginal and average cost of $10 and faces a demand curve of QD = 1000-10P. Marginal revenue is given by MR = 100 -1/5Q.

• Finding optimal number of output

  Marginal Cost at the above level is $16. In case of a perfectly competitive firm, Marginal Cost=Market price. So, it should charge $16 per unit. Solution describes the steps to determine optimal level of output/price in the given cases.

• Monopoly and Four Firm Concentration Ratio

  Calculate the monopolist's profit. Total Revenue = Price*Quantity sold=225*275=$61875 Total cost=Average total cost*total units produced=50*225=$11250 Profit=Total Revenue-Total Cost=61875-11250=$50625 c).

• monopolist's profit-maximizing quantity, price, and profit

  283144 monopolist's profit-maximizing quantity, price, and profit A monopolist has a constant marginal and average cost of $10 adn faces a demand curve of Qd = 1000 - 10P. Marginal revenue is given by MR=100 - 1/5Q. a.

• Monopoly

  Consider the following monopoly that produces paperback books: Fixed Costs = $1,000 Marginal Costs = $1 (and is constant) A) Draw the average total cost curve and the marginal cost curve on the same graph.

• Monopoly Price and Profit-Maximizing Output

  Given only a monopolist's inverse market demand function and its marginal cost function, this solution shows how to find the monopolist's profit-maximizing price and output. All calculations are shown in full.

• Calculating marginal and average products, and Lerner Index

  The monopolist has a constant marginal and average total cost of $50 per unit. a. Find the monopolist's profit-maximizing output and price. b. Calculate the monopolist's profit. c. What is the Lerner Index for this industry? 1.