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    Monopolist Question: Demand curve, marginal cost, revenue

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    A monopolist with a straight-line demand curve finds
    that it can sell two units at $12 each or 12 units at $2
    each. Its fixed cost is $20 and its marginal cost is constant
    at $3 per unit.
    a. Draw the MC(marginal cost), ATC (average-total-cost), MR (marginal revenue), and demand curves for this
    monopolist.
    b. At what output level would the monopolist produce?
    c. At what output level would a perfectly competitive
    firm produce?

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    https://brainmass.com/economics/output-and-costs/monopolist-question-demand-curve-marginal-cost-revenue-21191

    Solution Preview

    A monopolist with a straight-line demand curve finds that it can sell two units at $12 each or 12 units at $2 each. Its fixed cost is $20 and its marginal cost is constant
    at $3 per unit.
    a. ...

    Solution Summary

    The expert examines monopolist questions on demand curve, marginal cost and revenues.

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