Problem - The table below shows the revenue and costs for a monopolist.
|
Monopolist Revenue and Costs
|
|
Price (dollars)
|
Quantity Demanded
|
Marginal Revenue (dollars)
|
Marginal Cost (dollars)
|
Average Total Cost (dollars)
|
|
$130
|
200
|
$110
|
$25
|
$139.00
|
|
120
|
300
|
90
|
32
|
103.30
|
|
110
|
400
|
70
|
40
|
87.50
|
|
100
|
500
|
50
|
50
|
80.00
|
|
90
|
600
|
30
|
62
|
77.00
|
|
80
|
700
|
10
|
77
|
77.00
|
What is the monopolist's profit at the profit-maximizing level of output?