Suppose the monopolist has total fixed costs equal to $5 and a variable cost equal to $4 per unit for all units produced. What is the total profit if she operates at her profit-maximizing price?.

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08-11-2022
Business

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Suppose the monopolist has total fixed costs equal to $5 and a variable cost equal to $4 per unit for all units produced. What is the total profit if she operates at her profit-maximizing price?.

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anshumanaryan799 anshumanaryan799 · Answer 1 · 2022-11-14T05:13:22-05:00

Suppose the monopolist has total fixed costs equal to $5 and a variable cost equal to $4 per unit for all units produced. $11 is the total profit if she operates at her profit-maximizing price.

Total revenue = Price x Quantity

Total cost = Total fixed cost + Variable cost per unit x Quantity

Marginal revenue =Current total revenue - Previous total revenue/Current quantity -Previous quantity

Marginal cost =Current total cost - Previous total cost/Current quantity Previous quantity

Maximum profit =Total revenue Total cost
Mazimum profit = 24 - 13 =11
The total profit if he operates at her profit-maximizing price is c. $11.

As Irving Fisher explained, a monopoly is a noncompetitive demand that creates a situation in which a particular person or firm is the sole supplier of a particular thing. A monopoly os an individual, group, or company that controls and controls the demand for a particular good or service. This lack of competition and lack of alternative goods and services means that monopolists wield enough power in their businesses to charge high prices.

Learn more about monopolists here: https://brainly.com/question/13113415

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