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NeTakaya
3 years ago
13

Total Output Price Marginal Revenue Average Total Cost Marginal Cost 1 $ 100 $ 100 $ 100.00 $ 30 2 90 80 63.00 26 3 80 60 52.67

32 4 70 40 49.50 40 5 60 20 49.60 50 6 50 0 50.00 52 7 40 −20 52.29 66 8 30 −40 55.75 80 9 20 −60 60.67 100 10 10 −80 67.60 130 Refer to the data for a nondiscriminating monopolist. At its profit-maximizing output, this firm's total profit will be
Business
1 answer:
mario62 [17]3 years ago
8 0

At the  profit-maximizing output, this firm's total profit will be $280.

<h3>Who is a monopolist?</h3>

A monopolist is a single firm that operates in an industry. There is only one firm in the industry because there are usually high barriers to entry of firms. The demand curve is downward sloping. A monopoly sets the price for its goods and services.

Profit is maximised when marginal revenue is equal to marginal cost. Looking at the given table, marginal revenue is equal to marginal cost when output is 4 and price is $70

Total profit = 70 x 4 = $280

To learn more about monopolies, please check: brainly.com/question/10441375

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Answer:

1. Opportunity Cost of 2nd truck from 1st Truck = 1T : 3P

2. Opportunity Cost of 3rd truck from 2nd truck = 1T : 5P

Explanation:

Choice                             Hours Producing                          Produced

                                         (Trucks) (Puzzles)                     (Trucks) (Puzzles)

A                                              8          0                                    4          0

B                                               6          2                                   3          11

C                                               4          4                                  2           16

D                                               2          6                                  1            19

E                                                0          8                                 0           20

Opportunity Cost is the cost of a good sacrifised to achieve additional unit of other good.

  • From point D ( 1 truck) to point C ( 2nd truck ), opportunity cost in terms of puzzles sacrifised is 19 - 16 = 3. So, opportunity cost is    1T : 3P
  • From point C ( 2 trucks ) to point D (3rd truck ), opportunity cost in terms of puzzles sacrifised is 16 - 11 = 5. So, opportunity cost is    1T : 5P
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A. effective

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As more and more one writes better, there will be communication of right message and ideas that will be passed across to the audience. As with other disciplines, continuous practice would make one to be better in terms of writing .There should also be search for knowledge which will assist to develop writing skills.

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Generally, the recognized type of errors in accounting includes:

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