You have been hired by a monopoly to analyze the following
production data and prepare a proposal suggesting how to maximize
profits.
Monopoly Firm
Price
MR
TR
Q
TC
MC
ATC
AVC
6.4
3.1
1000
6400
3
3.24
The data provided by the company is incomplete. You are to complete columns TR and ATC
in the chart and make a short-run recommendation, using one of the
recommendation actions from the list below. Remember that your goal is
to maximize profits. Prepare a one page paper that includes your
solutions to the table, your recommendation action, and justification
supporting your recommendation.
Recommendation actions:
Remain at current output level.Increase outputDecrease outputShut downUncertain-the figures provided cannot possibly be correct.need it in 1 1/2 tonight




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