Respuesta :
The answer is:
A) $ 20,500
B) $40.
C) $ 18
What is Monopolist Market ?
A monopolist market is a market that is expressed theoretically as the place where a single company offers the products and services to its customers. It is very opposite to the perfectly competitive market that includes the infinite number of firms operating with the number of buyers.
According to the scenario, the computation of the given data are as follows:
Given:
Total Cost per week = $7,500
Total weekly Output = 400 unit
Price per Unit = $70
Revenue per Unit = $40
A) What are the firm's weekly economic profits?
The company's weekly economic profit = Total Revenue - Total Accounting Cost - Total Opportunity Costs
Revenue per week = Total Output x Price per Unit
= 400 units x $ 70 = $28,000
Weekly economic profit = $7,500
Weekly economic profit = $28,000 - $7,500
= $ 20,500
B) What is the firm's marginal cost?
Since the firm is maximizing its profits, its marginal revenue = marginal cost. Since the marginal revenue of the last unit sold= $40, then the marginal cost of the last unit sold = $40.
C) The Firm's average total cost = Total cost / Number of units
Firm's average total cost = $ 7,500 / 400
Firm's average total cost = $ 18
Your question is incomplete, but most probably your full question was:
Currently, a monopolist's profit-maximizing output is 400 units per week. It sells its output at a price of $70 per unit and collects $40 per unit in revenues from the sale of the last unit produced each week. The firm's total costs each week are $7,500 per week.
a. What are the firm's weekly economic profits?
b. What is the firm's marginal cost?
c. What is the firm's average total cost?
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