Question

Construct a graph with a typical monopoly’s average, marginal and demand curves on it. Identify the profit

maximizing output and price, total revenue, cost and profits.

MC
Profit man output = (*
The intersection of MRZMC
ATE
profit man price z p* is
defined on the demand curve
ATCH
TR= Q* pt. an area 0Q*8p*
Te = Q* ATC an area Data Are#
IT = TR-TC am D, ATCX a….
Microeconomics