Q 0 1 2 3 4 5 6 7 8 Price 66.00 64.00 62.00 60.00 58.00...

  

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Q 0 1 2 3 4 5 6 7 8 Price 66.00 64.00 62.00 60.00 58.00 56.00 54.00 52.00 50.00 TR 0 64.00 124.00 180.00 232.00 280.00 324.00 364.00 400.00 TC 400 420 430 430 440 460 490 530 580 MR 64.00 60 56 52 48 44 40 36 Answer the following questions: The above monopolist should: * O None of the above MC 20 10 0 10 20 30 40 50 420 215 143.3333 110 ATC 92 81.66667 75.71429 72.5 Shutdown production since total cost is higher than the price 3 points Shutdown production since total cost is higher than total revenue Shutdown production since average total cost is higher than the total revenue Q 0 1 2 3 4 5 6 7 8 Price 66.00 64.00 62.00 60.00 58.00 56.00 54.00 52.00 50.00 TR 0 64.00 124.00 180.00 232.00 280.00 324.00 364.00 400.00 TC 400 420 430 430 440 460 490 530 580 MR 64.00 60 56 52 48 44 40 36 Answer the following questions: The above monopolist should: * O None of the above MC 20 10 0 10 20 30 40 50 420 215 143.3333 110 ATC 92 81.66667 75.71429 72.5 Shutdown production since total cost is higher than the price 3 points Shutdown production since total cost is higher than total revenue Shutdown production since average total cost is higher than the total revenue

Answer rating: 100% (QA)

The correct answer is The above monopoly should shutdown production since total cost is hig... View the full answer