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Section 11 – Module 61 – Daphne’s Apparel Shop as a Monopoly

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Presentation on theme: "Section 11 – Module 61 – Daphne’s Apparel Shop as a Monopoly"— Presentation transcript:

1 Section 11 – Module 61 – Daphne’s Apparel Shop as a Monopoly
Mr. Weiss Section 11 – Module 61 – Daphne’s Apparel Shop as a Monopoly Complete the table below: Q FC VC TC ATC AVC MC P TR ATR MR Profit 13 1  5 6 12 2 9 11 3 10 4 18 5 25 8 34 7 49 68 1. Draw a graph and show the ATC, AVC, MC, ATR, MR, P, and D. 2. Determine the profit-maximizing output and price this monopolist will charge. (Draw a graph.)

2 Section 11 – Module 61 – Daphne’s Apparel Shop as a Monopoly
Mr. Weiss Section 11 – Module 61 – Daphne’s Apparel Shop as a Monopoly Complete the table below: Q FC VC TC ATC AVC MC P TR ATR MR Profit  5 13   0   -5 1 6  11  6 12  12   1 2 9  14  7  4.5  3 11  22  10  8 3  18  4.3  4 10  30   8 4 18  23  5.8  36  9   6  13 5 25 8  40   4 34  39  6.5  5.7 7  42   7  2   3 49  54  7.7  15   0 -12 68  73  9.1  8.5  19   5   -2 -33 1. Draw a graph and show the ATC, AVC, MC, ATR, MR, P, and D. 2. Determine the profit-maximizing output and price this monopolist will charge.

3 Section 11 – Module 61 – Daphne’s Apparel Shop as a Monopoly
Mr. Weiss Section 11 – Module 61 – Daphne’s Apparel Shop as a Monopoly 2. Determine the profit-maximizing output and price this monopolist will charge. The profit-maximizing output is 4 units, at a price of 9.


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