micoeconomics
Get perfect grades by consistently using our writing services. Place your order and get a quality paper today. Take advantage of our current 20% discount by using the coupon code GET20
Order a Similar Paper Order a Different Paper
You have been hired by a monopoly to analyze the following
production data and prepare a proposal suggesting how to maximize
profits.
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.
need it in 1 1/2 tonight
Got stuck with another paper? We can help! Use our paper writing service to score better grades and meet your deadlines.
Get 15% discount for your first order
Order a Similar Paper Order a Different Paper
