Try another version of these questions The table below shows data for the production of Avocados 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 Avocados Price Total Costs 0 600 4750 10 550 6000 20 500 8500 30 450 12000 40 400 20000 50 350 32000 60 300 43500
Quantity of Avocados
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
Enter DNE for Does Not Exist, oo for Infinity