Currently, a monopolist's profit-maximizing output is 200 units per week. It sells its output at a price
Question:
Currently, a monopolist's profit-maximizing output is 200 units per week. It sells its output at a price of $60 per unit and collects $30 per unit in revenues from the sale of the last unit produced each week. The firm's total costs each week are $9,000. Given this information, what are the firm's maximized weekly economic profits and its marginal cost?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
The firms total revenues are 60 per unit 200 units per ...View the full answer
Answered By
Rohail Amjad
Experienced Finance Guru have a full grip on various sectors, i.e Media, Insurance, Automobile, Rice and other Financial Services.
Have also served in Business Development Department as a Data Anlayst
32+ Reviews
83+ Question Solved
Related Book For 
Question Posted:
