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wwashington2 wwashington2
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5 years ago
A monopolist is maximizing profit at an output rate of 100 units per week. At this output rate, the price that its customers are willing and able to pay is $8 per unit, average total cost is $5 per unit, and marginal cost is $6 per unit. It may be concluded that at this monthly output rate, marginal revenue is
A) $5 per unit, and the monopolist earns zero economic profits.
B) $6 per unit, and the monopolist earns economic profits of $200 per week.
C) $6 per unit, and the monopolist earns economic losses of $100 per week.
D) $6 per unit, and the monopolist earns economic profits of $300 per week.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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gabi0315gabi0315
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5 years ago
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wwashington2 Author
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5 years ago
Mind blown, I've bookmarked this site on told my friends
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