Monopoly Data

Spring 2018
Microeconomics Course Assignment
In fulfillment of Course ePortfolio and CSIS requirement

Part 2
Price Per
Total Unit
Output (Demand
Units ) (TR) (TC) (TP) (ATC) (MC) (MR)
0 $7.10 0.00 9.00 0.00
1 $6.90 6.90 13.00 89.70 13.00 4.00 6.90
2 $6.70 13.40 16.60 222.44 8.30 3.60 6.50
3 $6.50 19.50 19.85 387.08 6.62 3.25 6.10
4 $6.30 25.20 22.90 577.08 5.73 3.05 5.70
5 $6.10 30.50 25.80 786.90 5.16 2.90 5.30
6 $5.90 35.40 28.60 1012.44 4.77 2.80 4.90
7 $5.70 39.90 31.35 1250.87 4.48 2.75 4.50
8 $5.50 44.00 34.20 1504.80 4.28 2.85 4.10
9 $5.30 47.70 37.40 1783.98 4.16 3.20 3.70
10 $5.10 51.00 41.80 2131.80 4.18 4.40 3.30
11 $4.90 53.90 47.80 2576.42 4.35 6.00 2.90
12 $4.70 56.40 56.80 3203.52 4.73 9.00 2.50
 (MC)

(Demand)

(ATC)

(MR
)

5 Characteristics of the Perfect Competition:

1. There needs to be more than one buyer or

supplier to influence the price.
2. There should be a low degree of market
concentration.
3. There must be free, easy accept in and out of
the market.
4. Products must be identical.
5. Buyers and sellers need to be 100% informed.