What is the highest price the monopolist could charge

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Reference no: EM131170776

Refer to the figures of a monopolistic catfish farmer below: Instructions: Enter your responses rounded to the nearest whole number.

(a) What is the highest price the monopolist could charge and still sell fish? $

(b) What is total revenue at that highest price? $

(d) What rate of output maximizes total profit? bushels

(e) What is MR at that rate of output? $

(f) What is the price at the profit-maximizing rate of output? $

Reference no: EM131170776

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