The graph below shows demand curve and cost data for a firm operating as a monopolist. In addition, the green line shows average total costs (ATC).
Graphing window shows horizontal axis: 0 to 30, vertical axis: 0 to 30. Start Graph, Color red
x
y
0
30
1
29.5
2
29
3
28.5
4
28
5
27.5
6
27
7
26.5
8
26
9
25.5
10
25
11
24.5
12
24
13
23.5
14
23
15
22.5
16
22
17
21.5
18
21
19
20.5
20
20
21
19.5
22
19
23
18.5
24
18
25
17.5
26
17
27
16.5
28
16
29
15.5
30
15
Start Graph, Color blue
x
y
0
30
1
29
2
28
3
27
4
26
5
25
6
24
7
23
8
22
9
21
10
20
11
19
12
18
13
17
14
16
15
15
16
14
17
13
18
12
19
11
20
10
21
9
22
8
23
7
24
6
25
5
26
4
27
3
28
2
29
1
30
0
Start Graph, Color black
x
y
0
0
1
2.8
2
5.6
3
8.4
4
11.2
5
14
6
16.8
7
19.6
8
22.4
9
25.2
10
28
11
30.8
12
33.6
13
36.4
14
39.2
15
42
16
44.8
Start Graph, Color green
x
y
1
9.4
2
6.8
3
6.867
4
7.6
5
8.6
6
9.733
7
10.943
8
12.2
9
13.489
10
14.8
11
16.127
12
17.467
13
18.815
14
20.171
15
21.533
16
22.9
17
24.271
18
25.644
19
27.021
20
28.4
21
29.781
22
31.164
23
32.548
24
33.933
25
35.32
26
36.708
27
38.096
28
39.486
29
40.876
30
42.267
Label "Quantity of Glasses" at pixel coordinates (175,0).Label "Price of Glasses" at pixel coordinates (0,170).
Suppose that the government decided to regulate this monopolist by requiring the firm to produce at the point where the Marginal Cost curve intersects with the demand curve. What is the quantity under this marginal cost pricing?
9.09
Hint
Box 1: Select the best answer
Question 2
Suppose that the government decided to regulate this monopolist by requiring the firm to produce at the point where the Marginal Cost curve intersects with the demand curve. What is the price under this marginal cost pricing?
25.45
Hint
Box 1: Select the best answer
Question 3
Compared to the profit maximizing quantity for this monopolist, the marginal cost pricing quantity is
Bigger
Hint
Box 1: Select the best answer
Question 4
Compared to the profit maximizing price for this monopolist, the marginal cost pricing price is