Refer to the figures of a monopolistic catfish farmer below


Refer to the figures of a monopolistic catfish farmer below: Instructions: Enter your responses rounded to the nearest whole number. (a) What is the highest price the monopolist could charge and still sell fish? $ (b) What is total revenue at that highest price? $ (c) What rate of output maximizes total revenue? bushels (d) What rate of output maximizes total profit? bushels (e) What is MR at that rate of output? $ (f) What is the price at the profit-maximizing rate of output? $

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Business Economics: Refer to the figures of a monopolistic catfish farmer below
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