Saturday
February 28, 2015

Homework Help: ECON

Posted by KP on Tuesday, March 22, 2011 at 4:59am.

A pure monopolist sells output for $4.00 per unit at the current level of production. At this level of output, the marginal cost is $3.00, average variable costs are $3.75, and average total costs are $4.25. The marginal revenue is $3.00. What is the short-run and long-run condition for the monopolist and what output changes would you recommend?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Economics - A PURE MONOPOLIST SELLS OUTPUT FOR $4 PER UNIT. THE MARGINAL COST IS...
economics - Teddy Bear, Inc., a rapidly growing manufacturer of high fashion ...
Economics - The accompanying table shows a car manufacturer’s total cost of ...
MircroEconomics - Production & Cost - Please check my answers if they are ...
ECONOMICS - suppose that the short run costs for a paintbrush manufacturer are ...
Economics - 5. A firm's marginal cost of production is constant at $5 per unit, ...
Managerial ECON - Suppose that a firm is currently employing 10 workers, the ...
To: Economyst - Hi there. You helped me with a couple of questions regarding ...
Economics - The schedule below shows the level of output that can be produced ...
calculus - a company maufacturing surfboards has fixed costs of $300 per day and...

Members