Determine whether or not firms operations are productive

Reference no: EM13243929

Use the following data for apure monopoly to calculate the firm's: (a) total revenue,marginal revenue, marginal costs, and average total cost; (b) itsprofit-maximizing output level and produce price; (c) its profit.(d) Use the price-cost formula to determine whether or not thefirm's operations are productively-efficient. (e) Use theprice-cost formula to determine whether or not the firm's operations are allocatively efficient.

Q (P = AR) TR MR TC MC ATC

0 $ 0 $ 60

1 58 100

2 57 136

3 56 168

4 55 200

5 54 235

6 53 276

7 52 322

8 51 76

Reference no: EM13243929

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