## (Solution Document) A monopolist can sell 300 units of output for \$29.00 per unit. Alternatively, it can sell 301 units of output for \$28.25 per unit. The marginal...

1. A monopolist can sell 300 units of output for \$29.00 per unit. Alternatively, it can sell 301 units of output for \$28.25 per unit. The marginal revenue of the 301st unit of output is:

A.\$196.75.

B.-\$0.75.

C.\$28.25.

D.-\$196.75.

2. Suppose a monopolist faces the demand curve P = 164 - 1Q. The monopolist's marginal costs are a constant \$22 and they have fixed costs equal to \$132. Given this information, what will the profit-maximizing price be for this monopolist?

Round your answer to two decimal places. Do not use a \$ sign.

3. Suppose a monopolist faces the demand curve P = 137 - 1Q. The monopolist's marginal costs are a constant \$25 and they have fixed costs equal to \$104. Given this information, what are the maximum profits this firm can earn?

Round your answer to two decimal places. Do not use a \$ sign.

4. Suppose a monopolist faces the demand curve P = 122 - 2Q. The monopolist's marginal costs are a constant \$17 and they have fixed costs equal to \$115. Given this information, if the firm maximizes their profits, what would be size of the deadweight loss in this market?

Round your answer to two decimal places. Do not use a \$ sign.

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Dec 08, 2020

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