Try another version of these questions The table below shows data for the production of Apples for an individual firm operating as a monopoly. Given this data, complete the table: Hint
Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 2: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 3: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 4: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 5: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 6: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 7: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 8: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 9: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 10: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 11: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 12: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 13: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 14: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 15: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 16: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 17: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 18: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 19: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 20: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 21: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Box 22: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 At what quantity are marginal revenues equal to marginal costs? Hint
Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 What is the profit maximizing quantity?
NOTE: If there are two quantities with the same level of profits, pick the larger of the two quantities! Hint
Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 What is the profit maximizing price?
NOTE: If there are two quantities with the same level of profits, pick the larger of the two quantities! Hint
Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172Quantity of Apples Price Total Costs 0 240 1200 10 220 1500 20 200 1900 30 180 2400 40 160 3400 50 140 5000 60 120 8000 70 100 12800 80 80 17400
Quantity of Apples
Total Revenue (TR)
Profit
Marginal Revenue (MR)
Marginal Costs (MC)
0
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--
10
20
30
40
50
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Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity
Enter DNE for Does Not Exist, oo for Infinity