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Suppose that the profit maximizing level of output for the monopolist is 100 units, and atc = $45.00; mc = $35.00; mr = $35.00; p = $45.00. what is the monopoly's pro…
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Suppose that the profit maximizing level of output for the monopolist is 100 units, and atc = $45.00; mc = $35.00; mr = $35.00; p = $45.00. what is the monopoly's pro…
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Sep 27, 2019
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Suppose that the profit maximizing level of output for the monopolist is 100 units, and atc = $45.00; mc = $35.00; mr = $35.00; p = $45.00. what is the monopoly's profit?
a. minus−$1000
b. $4500
c. $0
d. $3500
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Denis Koreyba
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I would go with d because wouldn’t you times 35.00$ by 100
Raymond Tau
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Oct 1, 2019
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