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Homework answers / question archive / The following table provides demand and cost data for a pure monopolist

The following table provides demand and cost data for a pure monopolist

Economics

The following table provides demand and cost data for a pure monopolist. 
The output produced by the monopolist is equal to: 
Total Output                Price                Total Cost

1                                  $100                   200

2                                     90                    210

3                                     80                    224

4                                     70                    240

5                                     60                    260

6                                     50                    290

7                                     40                    330

8                                     30                    380 

Part A) The output produced by the monopolist is equal to:

Part B) Based on the data in the question above, the price charged by the monopolist is equal to:

Part C) Based on the data in question above, profit received by this monopolist is equal to

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A) The monopolist will produce 5 units of output as MR is equal with MC.

B) Since the monopolist will produce 5 units of output, therefore, he will charge a price of $60

C) At the profit maximising level of output, by producing 5 units of output, the monopolist will receive a profit of ($300 - 260) $40