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  • Econ 2010 Eport 2

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    This document shows the output, revenues, costs, profits, and prices for a monopoly producer over 13 units of output. As the firm increases output from 0 to 12 units, the price per unit and marginal revenue decreases, while average total costs, marginal costs, and total costs increase initially and then level off. The firm maximizes its profits at an output of 8 units where marginal revenue equals marginal cost.

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    econ 2010 eport 2

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    This document shows the output, revenues, costs, profits, and prices for a monopoly producer over 13 units of output. As the firm increases output from 0 to 12 units, the price per unit and marginal revenue decreases, while average total costs, marginal costs, and total costs increase initially and then level off. The firm maximizes its profits at an output of 8 units where marginal revenue equals marginal cost.

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    © All Rights Reserved
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    Download as xlsx, pdf, or txt
    43 views4 pages

    Econ 2010 Eport 2

    Uploaded by

    api-260023878
    This document shows the output, revenues, costs, profits, and prices for a monopoly producer over 13 units of output. As the firm increases output from 0 to 12 units, the price per unit and marginal revenue decreases, while average total costs, marginal costs, and total costs increase initially and then level off. The firm maximizes its profits at an output of 8 units where marginal revenue equals marginal cost.

    Copyright:

    © All Rights Reserved
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    of 4

    Total

    Output
    Units
    0
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12

    Price Per
    Total
    Unit
    Revenue
    Total
    (Demand)
    (TR)
    Costs (TC)
    $8.00
    0.00
    10.00
    $7.80
    7.80
    14.00
    $7.60
    15.20
    17.50
    $7.40
    22.20
    20.75
    $7.20
    28.80
    23.80
    $7.00
    35.00
    26.70
    $6.80
    40.80
    29.50
    $6.60
    46.20
    32.25
    $6.40
    51.20
    35.10
    $6.20
    55.80
    38.30
    $6.00
    60.00
    42.70
    $5.80
    63.80
    48.70
    $5.60
    67.20
    57.70

    Total
    Profit
    (TP)
    -10.00
    -6.20
    -2.30
    1.45
    5.00
    8.30
    11.30
    13.95
    16.10
    17.50
    17.30
    15.10
    9.50

    Average
    Total
    Marginal
    Costs
    Marginal Revenue
    (ATC) Cost (MC) (MR)
    -14.00
    4.00
    7.80
    8.75
    3.50
    7.40
    6.92
    3.25
    7.00
    5.95
    3.05
    6.60
    5.34
    2.90
    6.20
    4.92
    2.80
    5.80
    4.61
    2.75
    5.40
    4.39
    2.85
    5.00
    4.26
    3.20
    4.60
    4.27
    4.40
    4.20
    4.43
    6.00
    3.80
    4.81
    9.00
    3.40

    $16.00

    $12.00
    80.00
    $10.00

    $8.00

    70.00

    MC
    Price Per Unit (Demand)
    Average Total Costs (ATC)

    Total Costs/Total Revenue

    Price, Marginal Revenue, and Costs

    $14.00

    60.00
    50.00
    40.00

    $6.00

    Marginal Cost (MC)

    Monopoly Profit

    Marginal Revenue (MR)

    MC

    $4.00

    MR

    Total Costs/Total Revenu

    Price, Marginal Revenue

    Average Total Costs (ATC)

    40.00
    30.00
    20.00
    10.00

    0.00

    $2.00

    1 2 3 4

    $0.00
    1

    Output

    10

    11

    12

    Total Revenue (TR)

    Total Revenue (TR)


    Total Costs (TC)

    4 5 6 7 8 9 10 11 12 13
    Output

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