Business, 27.11.2019 00:31, savannahsims5847
Suppose when a monopolist produces 50 units its average revenue is $8 per unit, its marginal revenue is $4 per unit, its marginal cost is $4 per unit, and its average total cost is $3 per unit. what can we conclude about this monopolist?
a. the monopolist is not currently maximizing its profits; it should produce and charger a higher price to maximize profit.
b. the monopolist is currently maximizing profits, and its total profits are $200.
c. the monopolist is not currently maximizing its profits; it should produce more units and charge a lower price to maximize profit.
d. the monopolist is currently maximizing profits, and its total profits are $250.
Answers: 1
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Suppose when a monopolist produces 50 units its average revenue is $8 per unit, its marginal revenue...
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