Currently, a monopolist's profit-maximizing output is 200 units per week. It sells its output at a price of $65 per unit and collects $35 per unit in revenues from the sale of the last unit produced each week. The firm's total costs each week are $95,000 per week. A. What are the firm's weekly economic profits?
B. What is the firm's marginal cost?
C. What is the firm's average total cost?

A) - $82,000 (Loss)

B) $35

C) $475

Explanation:

Total Cost per week = $95,000

Total weekly Output = 200 unit

Price per Unit = $65

Revenue per Unit = $35

A) What are the firm's weekly economic profits?

Weekly economic profit = Revenues per week - total cost per week

Revenue per week = Total Output x Price per Unit = 200 units x $ 65 = $13,000

Weekly economic profit = $13,000 - $ 9500 0

Weekly economic profit = - $82,000 (Loss)

B) What is the firm's marginal cost?

The firms marginal cost is $35.  marginal revenue equals marginal cost.

C) Firm's average total cost = $ 95000 / 200

Firm's average total cost = $475

answer; the cpi;