Dry cleaning is our example below,  and it could be a good example of a monopoly market in a small town or an isolated neighborhood. Why?

 

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Total Daily Output and Sales of Pizzas 0 1 2 3 4 5 6 7 8 00 9 Complete the "perfect competition" immediately below table by calculating all the values. (It is worth spending 30 minutes to learn some Microsoft Excel or Google Sheets skills to complete this assignment. Get some help.) What is the rule for determining the daily output (production level) that will maximize short run profits? Identify the daily output that the firm would produce if prices were a) $2, b) $4, c) $6, d) $8. Report daily output, price, marginal cost, and profit at that daily output. Explain. What will the long run equilibrium be given this cost structure? Report daily output, price, marginal cost, and profit at that daily output. Explain. Provide two graphs: i) daily output on the x-axis and on the y-axis total daily fixed costs, total daily variable costs, total daily costs, and total revenue when price equals $6; ii) daily output on the x-axis and on the y-axis daily average fixed costs, daily average variable costs, daily average total costs, and price equals $6. 10 Total Daily Fixed Costs 10 10 10 10 10 10 10 10 10 10 10 Total Daily Variable Costs 4 6 7 9 13 19 27 37 49 63 Total Average Fixed Costs Daily Costs 10 Average Variable Costs Average Total Costs Marginal Costs Price = Marginal Revenue Total Revenue (When Price= $?) . Total Profits (When Price = $7) (10) Total Daily Output and Sales of Pizzas 0 1 2 3 4 5 6 7 8 00 9 Complete the "perfect competition" immediately below table by calculating all the values. (It is worth spending 30 minutes to learn some Microsoft Excel or Google Sheets skills to complete this assignment. Get some help.) What is the rule for determining the daily output (production level) that will maximize short run profits? Identify the daily output that the firm would produce if prices were a) $2, b) $4, c) $6, d) $8. Report daily output, price, marginal cost, and profit at that daily output. Explain. What will the long run equilibrium be given this cost structure? Report daily output, price, marginal cost, and profit at that daily output. Explain. Provide two graphs: i) daily output on the x-axis and on the y-axis total daily fixed costs, total daily variable costs, total daily costs, and total revenue when price equals $6; ii) daily output on the x-axis and on the y-axis daily average fixed costs, daily average variable costs, daily average total costs, and price equals $6. 10 Total Daily Fixed Costs 10 10 10 10 10 10 10 10 10 10 10 Total Daily Variable Costs 4 6 7 9 13 19 27 37 49 63 Total Average Fixed Costs Daily Costs 10 Average Variable Costs Average Total Costs Marginal Costs Price = Marginal Revenue Total Revenue (When Price= $?) . Total Profits (When Price = $7) (10)