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The following table shows quantity, total revenue, marginal revenue, total cost, and marginal cost for an unregulated natural monopoly firm. Calculate the price that corresponds to the profit-maximizing quantity of goods. Round your answer to two decimal places if necessary. Total Marginal Total Marginal Quantity Revenue Revenue Cost Cost 1 $110.00 $110.00 $105.00 2 $179.00 $69.00 $160.00 $55.00 3 $228.00 $49.00 $200.00 $40.00 4 $258.00 $30.00 $230.00 $30.00 5 $275.00 $17.00 $266.00 $36.00 6 $270.00 - $5.00 $307.50 $41.50

The following table shows quantity, total revenue, marginal revenue, total cost, and marginal cost for an unregulated natural monopoly firm. Calculate the price that corresponds to the profit-maximizing quantity of goods. Round your answer to two decimal places if necessary. Total Marginal Total Marginal Quantity Revenue Revenue Cost Cost 1 $110.00 $110.00 $105.00 2 $179.00 $69.00 $160.00 $55.00 3 $228.00 $49.00 $200.00 $40.00 4 $258.00 $30.00 $230.00 $30.00 5 $275.00 $17.00 $266.00 $36.00 6 $270.00 - $5.00 $307.50 $41.50

Exploring Economics
Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter13: Monopoly And Antitrust
Section: Chapter Questions
Problem 7P
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The following table shows quantity, total revenue, marginal revenue, total cost, and marginal cost for an unregulated natural monopoly firm. Calculate the price that corresponds to the profit-maximizing quantity of goods. Round your answer to two decimal places if necessary. Total Marginal Total Marginal Quantity Revenue Revenue Cost Cost 1 $110.00 $110.00 $105.00 2 $179.00 $69.00 $160.00 $55.00 3 $228.00 $49.00 $200.00 $40.00 4 $258.00 $30.00 $230.00 $30.00 5 $275.00 $17.00 $266.00 $36.00 6 $270.00 - $5.00 $307.50 $41.50
Transcribed Image Text:The following table shows quantity, total revenue, marginal revenue, total cost, and marginal cost for an unregulated natural monopoly firm. Calculate the price that corresponds to the profit-maximizing quantity of goods. Round your answer to two decimal places if necessary. Total Marginal Total Marginal Quantity Revenue Revenue Cost Cost 1 $110.00 $110.00 $105.00 2 $179.00 $69.00 $160.00 $55.00 3 $228.00 $49.00 $200.00 $40.00 4 $258.00 $30.00 $230.00 $30.00 5 $275.00 $17.00 $266.00 $36.00 6 $270.00 - $5.00 $307.50 $41.50
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