Output, price, total revenue and total profit

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  Calculate output, price, total revenue and total profit at the revenue-maximizing activity level.

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  Total Cost at profit maximizing output TC=1+2*Q=1+2*40=81 e. Profit Profit=TR-TC=240-81=159 Solution calculates optimal output, price, total cost, total revenue and maximum profit.

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  Define total profit as the difference between total revenue and total cost, and express terms of Q the total profit function for the firm. (Note: Total revenue equals price per unit times the number of units sold.) 2.

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  Label the profit-maximizing quantity and price, total cost, total revenue, and profit. Please refer attached file for graph and better clarity of tables.

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  Derive equations for revenue, marginal revenue, total cost, and marginal cost. b. Determine the monopolist's profit-maximizing output, price, and profit. 3. Industry demand for a good is given by: P = 60 - .5Q.

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  (c) What total profit ill the monopolist receive at the profit-maximizing level of output? Solution: Complete the table by filling in the columns for total revenue, marginal revenue, and marginal cost.

• Calculating profit maximizing output level and price

  Total Revenue at optimum level=Price*quantity=200*100000=$20,000,000 Total Cost at optimum level=9000000+20*100000+0.0004*100000^2=$15,000,000 Total profit=TR-TC=20000000-15000000=$5,000,000 Profit per unit output=Total Profit/total output=5000000

• Calculating optimal output level

  cost, total revenue and associated profit.

• output, price, total revenue, and total profit

  Calculate output, price, total revenue, and total profit at profit maximizing activity level (again also with diagrams).

• Calculating profit-maximizing output and price level

  Solution describes the steps and formulas for calculating profit-maximizing output and price level for a monopolist. It also calculates corresponding total cost, total revenue and profit/loss.