4750]Consider the following table and answer the question.

(in the case of pure monopoly)

Denotation: Q (total output, or product demand for each price), TVC (total variable cost),TFC (total fixedcost), MC (marginal cost),TR (total revenue),MR (marginal revenue)

*QTVCTFCMCPriceTRMR

002$17____

_________

19216____

_________

216215____

_________

322214____

(1) ____(2) _____

428213____

_________

535212____

_________

644211____

_________

755210____

_________

86829____

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47.(1) in MC column is:

a.9.

b7.

c.6.

d. 13.

48. (2) in MR column is:

a.8.

b.6.

c. 12.

d. 10.

49. What is the total profit at output level 8?

a.2.

b. 12.

c. 13.

d. 20.

50. How many output this firm produces to maximize profits?

[Tip: If there exists no output level that makes MR=MC, then choose the output level that

makes MR closest to MC as well as MR > MC.]

a. 3.

b. 4.

c. 5.

d. 6.