Illustrate what is great receptions profit

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Reference no: EM1322833

Q. Great Reception, Inc., is a single-price monopolist in the marketplace for cell phones. Assume that there is no fixed cost also both marginal cost also average total cost are constant. When profit maximizing, Great Reception will produce cell phones also charge each. (350; $26, 350; $12, 700; $12, or 200; $32) Quantity = 110 Price =36 MR=32 Revenue=3,600. MC = 12 TC=1,200.

a. Illustrate what is Great Reception's profit when producing at the profit-maximizing output ? ($9800, $9100, $4200, or $4900)

b. Illustrate what is the total consumer surplus when Great Reception operates as a monopolist? ($9800, $7350, $6900, or $2450)

c. Elucidate how much deadweight loss does Great Reception cause when it restricts output also charges a price above marginal cost? ( $6900, $9800, $7350 or $2450)

d. Assume that GreatReception, Inc., can charge any number of prices to various consumers. If GreatReception perfectly price discriminates, Illustrate what is its total profit? ($1225, $9800, $4900, or $2450)

Reference no: EM1322833

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