Question: 4 . a ) Using the following table, find this monopolist s MR , MC and ATC by using midpoint approach. P ( $ )
a Using the following table, find this monopolists MR MC and ATC by using midpoint approach.
P $
Q
TR $
MR $
TC $
MC $
ATC $
b Plot the demand curve D marginal revenue curve MR marginal cost curve MC and average total cost curve ATC in one diagram.
c What is the profitmaximizing level of output. How much profit per unit and in total does the monopolist make?
d What is the markup? Please show the deadweight loss on the same diagram of b
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