Suppose that Aurora Cannabis is a monopolist that can sell 47 units of output at $16 per unit and 48 units at $15.80 per unit. The marginal revenue of the 48th unit of output is Multiple Choice $0.20. $6.40. $54. $15.80. $758.4
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Q22
Suppose that Aurora Cannabis is a monopolist that can sell 47 units of output at $16 per unit and 48 units at $15.80 per unit. The marginal revenue of the 48th unit of output is
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- Q11 Price Number of Ounces of Marijuana Sold $20 3 18 5 16 7 14 10 12 15 10 30 The table shows the demand schedule facing Cresco Labs, which we will assume is a monopolist selling marijuana. If Cresco Labs had no production costs, what price would it charge to maximize profits? Multiple Choice $12 $20 $16 $10 $15.Demand and Cost facing Monopolist Total Total Marginal Marginal Total Price Quantity Variable Profit Revenue Revenue Cost Cost Cost $10 10 $30 $9 20 $50 $8 30 $60 $7 40 $80 $6 50 $110 $5 60 $150 $4 70 $210 $3 80 $290 $2 90 $390The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price (dollars) Quantity Demanded $130 200 120 300 110 400 100 500 90 600 80 700 $50,000 O $80,000 $10,000 Marginal Revenue Marginal Cost Average Total Cost (dollars) (dollars) (dollars) $110 $25 $139.00 32 103.30 40 87.50 50 80.00 62 77.00 77 77.00 What is the monopolist's profit at the profit-maximizing level of output? O $0 90 70 50 30 10
- Why are generic pharmaceuticals significantly cheaper than name brand ones?6. The following graph shows the demand, marginal revenue, and marginal cost curves for a single-price monopolist that produces a drug that helps relieve arthritis pain.The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price (dollars) Quantity Demanded $85 79 73 67 61 55 50 150 250 350 450 550 Marginal Revenue (dollars) $85 76 64 1. 250; -$3,625 2. 250; $3,625 3. 350; -$3,625 4. 350; $4625 52 40 28 Marginal Cost (dollars) $25 85 64 61 67 77 Average Total Cost (dol $139.00 103.30 87.50 80.00 77.00 77.00 The monopolist's profit-maximizing level of output is...................its and the monopolist's profit at the profit maximizing output is....
- Amonopoly faces the demand curve 14- P= 12-100, 13- 12 where Pis measured in dollars per unit and Q in thousands of units. The monopolist has a constant average cost of $4 00 per unit 114 10 12 1- 6610 12 14 16 16 20 22 24 2 Quantity (thousands) A govemment regulatory agency sets a price celling of 56.00 per unit. What quantity will be produced, and what will the firm's profit be? The monopoly with the price celling will producethousand units of outputOutput 1 2 3 Price $ 500 300 250 200 150 100 Total Cost $250 260 290 350 500 4 5 680 Refer to the demand and cost data for a pure monopolist given in the table. If the monopolist perfectly price-discriminated and sold each unit of the product at the maximum price the buyer of that unit would be willing to pay, and if the monopolist maximized profits, then the total profit received would be $250 $400 $900 $1000Q39 Canopy Growth is a cannabis producer that is a monopolist. Answer the question on the basis of the provided demand and cost data. Demand Data Cost Data Price Quantity Demanded Output Total Cost $5.00 3 3 $5.00 4.80 4 4 6.00 4.60 5 5 6.50 4.40 6 6 7.50 4.20 7 7 9.00 4.00 8 8 11.00 3.80 9 9 14.00 Canopy Growth, the profit-maximizing monopolist will realize a Multiple Choice profit of $32. profit of $21. a loss of $13. loss of $20.40. profit of $16.50.
- 44 Output Total Total Total Marginal Marginal (Q) Price Revenue Cost Profit Revenue Cost E of 20 $25.00 $500 $650 $15 $5 40 $20.00 $800 $750 $5 60 $15.00 $900 $950 $15 80 $10.00 $800 $1,250 The table above shows revenue and cost information at four different Output (Q) levels for a Monopolist. Of the four available choices, Total Profit will be the greatest at Q = Select one: а. 80 b. 40 C. 60 d. 20Q (units) 0 1 2 NMT 3 4 5 P ($) 50 45 40 35 30 25 TC ($) 10 $105 none of the above 26 42 58 74 90 If the monopolist maximizes profit, then profit will be O($44) O $47Dr. Krieger is the only bionic arm specialist on the remote pacific island of Pangu. Because he is the only specialist, and because of the island's remoteness, Dr Krieger operates as a profit maximising monopolist. His marginal cost of production for each bionic arm is $5000 per arm. Below is a table of potential prices he could charge for each bionic arm that he fits, and the corresponding quantities sold in a given year. Price ($/bionic arm) 15000 13000 11000 9000 7000 5000 Quantity (bionic arms) 10 15 20 25 30 35 What is Dr. Krieger's profit-maximising quantity? Answer to the nearest whole number of bionic arms (with no decimal places).