Monopoly Pricing

Gap-fill exercise

Fill in all the gaps, then press "Check" to check your answers. Use the "Hint" button to get a free letter if an answer is giving you trouble. You can also click on the "[?]" button to get a clue. Note that you will lose points if you ask for hints or clues!

monopoly1.gif What is the maximum profit output?
What price will the monopolist charge at this output?
What is the cost per unit at this output?
What is the total revenue at this output?
What is the total cost at this output?
What is the per unit profit or loss?
What is the total profit or loss for this monopolist?
At what output and price combination would this firm break even? units at $