Slide 12 presents the total revenue received by the monopolist.

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Presentation transcript:

Slide 12 presents the total revenue received by the monopolist. Market Structures: Monopoly Slide 2 presents a table that can be printed for each student. For best results, use "landscape" page orientation. Slides 3 through 10 plots and draws marginal revenue, marginal cost, average total cost, and average revenue (demand), respectively. Slide 11 presents the profit maximizing output and price for the monopolist. Slide 12 presents the total revenue received by the monopolist. Slide 13 presents the economic profit received by the monopolist. Slide 14 presents the total costs for the monopolist.

Market Structures: Monopoly Q TC MC ATC TR MR AR 1 60 90 2 110 50 55 160 70 80 3 150 40 210 4 180 30 45 240 5 220 44 250 10 6 270 -10 7 340 -30 8 480 140 -50 20

Market Structures: Monopoly 10 20 30 40 50 60 70 80 90 1 2 3 4 5 6 7 8 9 costs/revenue quantity

Market Structures: Monopoly 10 20 30 40 50 60 70 80 90 1 2 3 4 5 6 7 8 9 MR costs/revenue quantity

Market Structures: Monopoly 10 20 30 40 50 60 70 80 90 1 2 3 4 5 6 7 8 9 MR costs/revenue quantity

Market Structures: Monopoly 10 20 30 40 50 60 70 80 90 1 2 3 4 5 6 7 8 9 MC MR costs/revenue quantity

Market Structures: Monopoly 10 20 30 40 50 60 70 80 90 1 2 3 4 5 6 7 8 9 MC MR costs/revenue quantity

Market Structures: Monopoly 10 20 30 40 50 60 70 80 90 1 2 3 4 5 6 7 8 9 MC ATC MR costs/revenue quantity

Market Structures: Monopoly 10 20 30 40 50 60 70 80 90 1 2 3 4 5 6 7 8 9 MC ATC MR costs/revenue quantity

Market Structures: Monopoly 10 20 30 40 50 60 70 80 90 1 2 3 4 5 6 7 8 9 MC ATC AR (D) MR costs/revenue quantity

Market Structures: Monopoly 10 20 30 40 50 60 70 80 90 1 2 3 4 5 6 7 8 9 MC ATC AR (D) MR costs/revenue quantity

Market Structures: Monopoly 10 20 30 40 50 60 70 80 90 1 2 3 4 5 6 7 8 9 MC ATC AR (D) MR costs/revenue quantity

Market Structures: Monopoly 10 20 30 40 50 60 70 80 90 1 2 3 4 5 6 7 8 9 MC ATC AR (D) MR costs/revenue quantity

Market Structures: Monopoly 10 20 30 40 50 60 70 80 90 1 2 3 4 5 6 7 8 9 MC ATC AR (D) MR costs/revenue quantity