If the monopolist's fixed cost is $25, the monopoly's total costs when maximizing profit is:

Alright. So right here to my left, we've got the next question. If the monopolist fixed cost is $25, the monopoly's total cost when maximizing profit is okay. So we've got fixed cost of $25 but then they're also gonna have the variable cost, right? The cost per unit and as we see on the graph, they have a constant marginal cost, right? That marginal cost is constant at $2. So if they wanna sell 1 more unit, it's gonna cost them 2 more dollars, 1 more unit, 2 more dollars, right? So they have the fixed cost of 25 plus these marginal costs of $2 per unit and it's asking us for the monopoly's total cost when maximizing profit, right? Total cost. So our total cost is gonna be the $25 right? We've got the 25 in fixed cost, but what about in those variable costs per ticket? Well, we've got $2 per ticket and we sell 30 tickets, right? We saw that the the profit maximizing quantity is right here at 30 tickets where marginal revenue equals marginal cost. So if we sell 30 tickets and each one cost us $2 right? $2 in marginal cost, well that's gonna be 60. Right? So if we take the 25 plus the 60 in the variable cost, 25 from the fixed cost, we're gonna get $85 in total cost, right? So that's gonna be our answer here. C, $85 in total cost, right? We take that fixed cost and we find the variable cost per unit was the $2 Cool? Alright. Let's go on to the next one.

If the monopolist's fixed cost is $25, the monopoly's total costs...

0. Basic Principles of Economics1h 5m

1. Reading and Understanding Graphs59m

2. Introductory Economic Models1h 10m

3. The Market Forces of Supply and Demand2h 26m

4. Elasticity2h 16m

5. Consumer and Producer Surplus; Price Ceilings and Floors3h 45m

6. Introduction to Taxes and Subsidies1h 46m

7. Externalities1h 12m

8. The Types of Goods1h 13m

9. International Trade1h 16m

10. The Costs of Production2h 35m

11. Perfect Competition2h 23m

12. Monopoly2h 13m

13. Monopolistic Competition1h 9m

14. Oligopoly1h 26m

15. Markets for the Factors of Production1h 33m

16. Income Inequality and Poverty35m

17. Asymmetric Information, Voting, and Public Choice39m

18. Consumer Choice and Behavioral Economics1h 16m

If the monopolist's fixed cost is $25, the monopoly's total costs when maximizing profit is:

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