The goal of the monopolist is to maximize its profit. What price per gallon of water...

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The goal of the monopolist is to maximize its profit. What price per gallon of water should it charge and how many gallons per month should it sell? How much profit does it make? Suppose that the government imposes a tax of $1 million per month on water production. What price should this water distributor charge? How many gallons per month should it sell? How much profit would it make? Suppose a firm has acquired a monopoly on water distribution in a certain county in Florida. The following table represents the demand and costs this monopolist faces. Fill in the missing values in the table. TABLE 11 P per gallon of Gallons sold TC (in millions) TR (in millions) per month (Q, in millions) MR MC water Ș0.00575 15,000 $22 0.0055 16,000 22.65 0.00525 17,000 23.15 0.005 18,000 23.9 0.00475 19,000 24.95 0.0045 20,000 26.35 The goal of the monopolist is to maximize its profit. What price per gallon of water should it charge and how many gallons per month should it sell? How much profit does it make? Suppose that the government imposes a tax of $1 million per month on water production. What price should this water distributor charge? How many gallons per month should it sell? How much profit would it make? Suppose a firm has acquired a monopoly on water distribution in a certain county in Florida. The following table represents the demand and costs this monopolist faces. Fill in the missing values in the table. TABLE 11 P per gallon of Gallons sold TC (in millions) TR (in millions) per month (Q, in millions) MR MC water Ș0.00575 15,000 $22 0.0055 16,000 22.65 0.00525 17,000 23.15 0.005 18,000 23.9 0.00475 19,000 24.95 0.0045 20,000 26.35

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1 The Missing value in the table is as follows Per Gallons TRIn MR In TC In MC In Profit Profit Gall... View the full answer