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Question 1

Refer to the table that shows the demand schedule for a firm that has a monopoly in the sale of personla computers at 2,000.00

Question 2

Refer to the Graph. if this monopolist were forced to set price equal to average cost, i would charge a price of: $2, $3, $8 or $12

Question 3

Refer to the graph. Assuming that the monopoly maximizes profit it will earn profits of:
$8000.00 per day
$20,000.00 per day
$40,000.00 per day
$160,000.00 per day

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Solution Summary

The marginal revenue is examined.

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1. marginal revenue would be negative

Explanation: when P = 3000, TR = 3000x300 ...

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