RS asked in Social ScienceEconomics · 8 years ago

Microeconomics monopolies help!?

Consider the following demand and cost information for a monopoly.

Quantity Price Total Cost

0 $32 $6

1 $28 $20

2 $24 $34

3 $20 $48

4 $16 $62

5 $12 $76

Refer to Table 15-9. What is the marginal cost of the 4th unit?

a. $14

b. $31

c. $4

d. $62

Answer and how please! Thank you!

3 Answers

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  • Chris
    Lv 7
    8 years ago
    Favorite Answer

    $14. It's the difference between total costs for 3 units and 4.

  • fu
    Lv 4
    4 years ago

    a million is C and a couple of is C as is already defined. 3 is B as a monopoly instruments cost at MR=MC and MR is often below D (it falls at two times the slope). hence the"greater cost charged by using a monopoly than may well be the case if P=MC reduces shopper surplus" because it lowers Q. The wording of the question is poor.

  • Anonymous
    4 years ago

    a million is C and a pair of is C as is already defined. 3 is B as a monopoly instruments fee at MR=MC and MR is often decrease than D (it falls at two times the slope). for this reason the"greater fee charged via a monopoly than may be the case if P=MC reduces client surplus" because it lowers Q. The wording of the question is undesirable.

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