Solved: At that level of output its marginal revenue is 30 its, Business Management

+44 141 628 6080
[email protected]

At that level of output its marginal revenue is 30 its

A monopoly firm maximizes its profit by producing Q=500 units of output. At that level of output its marginal revenue is $30, its price is $60 and its average total cost is $34. What is the monopoly's profit?

A. $13,000

B. $15,000

C. $17,000

D. $30,000

Solution Preview :

Prepared by a verified Expert

Business Management: At that level of output its marginal revenue is 30 its

Reference No:- TGS02822789

Now Priced at $10 (50% Discount)

Recommended (97%)

Rated (4.9/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Provide reasons why working from a person centred

Provide five (5) reasons why working from a person centred, strengths-based positive framework, and providing positive lifestyle strategies can reduce

Discuss social worker working with foster children

You are a social worker working with foster children. You are making a home visit to Katie, age nine, and her foster family.

Identify a specific theory of cognitive or moral development

Problem 1: Identify a specific theory of cognitive or moral development, and summarize the major assumptions.

Is lifespan psychologists are unlikely to investigate

Lifespan psychologists are unlikely to investigate both changes as well as consistencies that exist in different individuals'

How do you define being an adult

Based on information provided in Ch. 11 & 12, how do you define "being an adult"?

Discussion about gender stereotyping

Prior to your taking this graduate HR law class you had heard of the term "gender stereotyping," but didn't know much about it.

Discuss three ethical guidelines that are important

Identify and discuss three ethical guidelines that are important to consider when designing an 8-week group for adolescents who are referred

Solution Preview :

Prepared by a verified Expert

Business Management: At that level of output its marginal revenue is 30 its

Reference No:- TGS02822789

Have a Question? (oR Write a Review)

Recent Questions Asked Business Management

Q : Describe your future goals based on the transferable skills

Q : How does the federal reserves use of open-market operations

Q : Will employees shirk more or less and be more or less

Q : Identify three strengths that you possess provide specific

Q : At that level of output its marginal revenue is 30 its

Q : How do tax reform initiatives affect government collections

Q : Understand how to create lcc model that uses estimates of

Q : Explain betas policy for privacy related to employee

Q : What are the impact of copays and deductibles on demand for