12. Assume instead that the costs of production changed for this monopoly so that the marginal cost (MC)
and average total cost (ATC) for every unit was $80. Under these new circumstances, identify the
profit maximizing price and quantity.
13. Calculate the new total revenue at the profit maximizing price and quantity.

Question

03-10-2022
Social Studies

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12. Assume instead that the costs of production changed for this monopoly so that the marginal cost (MC)
and average total cost (ATC) for every unit was $80. Under these new circumstances, identify the
profit maximizing price and quantity.
13. Calculate the new total revenue at the profit maximizing price and quantity.

Sagot :

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