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?
Answer and how please! Thank you!
- ChrisLv 78 years agoFavorite Answer
$14. It's the difference between total costs for 3 units and 4.
- fuLv 44 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.
- Anonymous4 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.