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You want to determine the profit-maximizing production quantity for a monopolist. You can ask the firm's consultant to draw the firm's revenue and cost curves, but each curve would cost you $1,000. From the following list indicate which curves you will request and why? a) Average total cost, b) average fixed cost, c) average variable cost, d) marginal cost, e) demand, and f) marginal revenue.

its b

nevermind c always go with c

second thought i think its d

To determine the profit-maximizing production quantity for a monopolist, you need to consider the relationship between the firm's revenue and cost curves. In order to make an informed decision about which curves to request from the firm's consultant, let's break down the options:

a) Average total cost (ATC): This curve represents the average cost per unit of production, including both fixed and variable costs. While it provides information about cost efficiency, it does not directly help determine the profit-maximizing quantity. Therefore, it may not be necessary for this particular task.

b) Average fixed cost (AFC): This curve represents the average fixed cost per unit of production. It provides insights into the fixed costs incurred by the monopolist but may not be directly related to maximizing profits. Thus, it may not be crucial for determining the profit-maximizing quantity.

c) Average variable cost (AVC): This curve represents the average variable cost per unit of production. It provides insights into the variable costs associated with production and could be helpful in understanding cost structures. However, like AFC, it may not be directly linked to profit maximization.

d) Marginal cost (MC): This curve represents the change in total cost resulting from producing one additional unit. Marginal cost is crucial to determining profit maximization because it intersects with the marginal revenue curve to indicate the optimal level of production. Requesting the MC curve is highly recommended for finding the profit-maximizing quantity.

e) Demand: This curve represents the relationship between the quantity of a good/service demanded by consumers and its price. While it does not directly indicate profit-maximizing quantity, it is relevant for understanding market conditions and pricing strategies. Requesting the demand curve can provide insights into customer behavior.

f) Marginal revenue (MR): This curve represents the change in total revenue resulting from selling one additional unit. The profit-maximizing quantity for a monopolist is where marginal cost equals marginal revenue. Therefore, requesting the MR curve is crucial for determining the profit-maximizing quantity.

Based on the above analysis, you should definitely request the marginal cost (d) and marginal revenue (f) curves to determine the profit-maximizing quantity. Additionally, if budget permits, requesting the demand curve (e) can provide further context for understanding market conditions. The remaining curves (AFC, AVC, ATC) may not be essential for specifically determining the profit-maximizing quantity in this scenario.