Suppose a monopolist’s profit-maximizing output is 400 units per week and that the firm sells its output at a price of $100 per unit. The firm has total costs of $8,000 per week. Assume the monopolist is maximizing its profit and earns $50 per unit from the sale of the last unit produced each week. Instructions: Enter your answers as a whole number. a. What are the firm's weekly economic profits?      $  b. What is the firm's marginal cost?      $  c. What is the firm's average total cost?      $

Suppose that at the current output level the price received by a monopolist for its good is $10, marginal revenue is equal to $6, and marginal cost is $8. To maximise profit the monopolist should: A. decrease output B. increase output C. keep output constant D. we cannot say without more information

Answer the next question based on the demand and cost schedules for a monopolistically competitive firm given in the table below. Price Quantity Demanded Total Cost Output$20 1 $10 118 2 20 216 3 29 314 4 36 412 5 40 510 6 42 6  What will be the economic profit or loss for this monopolistically competitive firm at the profit-maximizing level of output?Multiple Choice−$15+$10+$20+$28

Consider a monopoly where consumers are currently consuming where the marginal utility is 10 units of utility for the good. The price of the product is $5. The marginal cost of producing the good is $2.00. Then consider perfectly competitive firms where consumers are currently consuming where the marginal utility is 20 units of utility for the perfectly competitive product. The price of the product is $10. At current production levels, the marginal cost of producing the good is $10.Question 10.19HomeworkUnansweredDue Apr 12th, 11:59 PMBased on the text above, calculate the marginal utility per dollar spent by consumers in a monopolistic industry.

The table below shows the demand and marginal cost information for a monopolist with a constant marginal cost. Monopoly MarketPrice (dollars) Quantity Demanded Marginal Revenue (dollars) Marginal Cost (dollars)$220 0 — —200 40 $200 $120180 80 160 120160 120 120 120140 160 80 120120 200 40 120100 240 0 120 Instructions: Enter your answers as a whole number. a. For the monopolist, the profit-maximizing price is $ and the profit-maximizing quantity is . b. For the monopolist, the allocatively efficient price is $ and the allocatively efficient quantity is .

Question 5 (HPW11.5, Problem 80, p. 527)A monopolist who employs m workers finds that they produce:𝑞 = 2𝑚(2𝑚 + 1) *&Units of product per day. The total revenue, r (in dollars), is given by:𝑟 = 50𝑞:1000 + 3𝑞a) What is the price per unit (to the nearest cent) when there are 12 workers?b) Determine the marginal revenue when there are 12 workersc) Determine the marginal-revenue product when m =12.Note: round your answers to 2 decimal places