Currently, a monopolist's profit-maximizing output is 200 units per week. It sells its output at a price of $65 per unit and collects $35 per unit in revenues from the sale of the last unit produced each week. The firm's total costs each week are $95,000 per week. A. What are the firm's weekly economic profits?
B. What is the firm's marginal cost?
C. What is the firm's average total cost?

One of the scarce resources that constrain our behavior is time. each of us has only 24 hours in a day, and we must allocate our time in a given day among competing alternatives. how do you go about allocating your time in a given day among competing alternatives? how do you go about weighing the alternatives? once you choose a most important use of time, why do you not spend all your time on that activity? a. as more and more time is spent on one activity, the opportunity cost of that activity in terms of other activities rises. b. as less and less time is spent on one activity, the opportunity cost of that activity in terms of other activities rises. c. as more and more time is spent on one activity, the opportunity cost of that activity in terms of other activities falls. d. b and c only.