Monopoly Analysis paper
Question # 00025660
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Updated on: 09/10/2014 03:49 PM Due on: 09/30/2014
You have been hired by a monopoly to analyze the following production data and prepare a proposal suggesting how to maximize profits.
The data provided by the company is incomplete. You are to complete columns TR and ATC in the chart and make a short-run recommendation, using one of the recommendation actions from the list below. Remember that your goal is to maximize profits. Prepare a one page paper that includes your solutions to the table, your recommendation action, and justification supporting your recommendation.
Recommendation actions:
Remain at current output level.
Increase output
Decrease output
Shut down
Uncertain-the figures provided cannot possibly be correct.
Monopoly Firm | |||||||
Price | MR | TR | Q | TC | MC | ATC | AVC |
6.4 | 3.1 | 1000 | 6400 | 3 | 3.24 |
The data provided by the company is incomplete. You are to complete columns TR and ATC in the chart and make a short-run recommendation, using one of the recommendation actions from the list below. Remember that your goal is to maximize profits. Prepare a one page paper that includes your solutions to the table, your recommendation action, and justification supporting your recommendation.
Recommendation actions:
Remain at current output level.
Increase output
Decrease output
Shut down
Uncertain-the figures provided cannot possibly be correct.
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Rating:
/5
Solution: Monopoly Analysis paper