Micro Unit 4.5 CW: Monopoly Calculations (Number)
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Last updated 10 months ago
5 Nsɛmmisa
Answer the following questions for this pure monopolist.
Price ($) | Quantity Demand (units) | Quantity Output (units) | Total Cost ($) |
$5.50 | 3 | 3 | $5.00 |
5.00 | 4 | 4 | 6.00 |
4.50 | 5 | 5 | 6.50 |
3.85 | 6 | 6 | 7.50 |
3.35 | 7 | 7 | 9.00 |
2.90 | 8 | 8 | 11.00 |
2.50 | 9 | 9 | 14.00 |
Equilibrium price for the monopolist is ________.
The equilibrium level of output will be ________ units.
The monopolist will realize a(n) economic profit of
With which quantities will the demand be price elastic?
With which quantities will demand be price inelastic?