Currently, a monopolist’s profit-maximizing output is 300 units per week. It sells its output at a price of $70 per unit and collects $45 per unit in revenues from the sale of the last unit produced each week. The firm’s total costs each week are $8,000.
Given this information, the firm’s maximized weekly economic profits are $_______. (Enter your response as a whole number).
Need assignment help for this question?
If you need assistance with writing your essay, we are ready to help you!
Why Choose Us: Cost-efficiency, Plagiarism free, Money Back Guarantee, On-time Delivery, Total Сonfidentiality, 24/7 Support, 100% originality