Question
In: Economics
Consider a monopoly with a sort run total cost of TC= 36+Q^2 - and marginal cost:...
Consider a monopoly with a sort run total cost of TC= 36+Q^2 - and marginal cost: MC=2Q - facing a market demand curve of P=36-Q.
QUESTION: Graph and calculate the consumer surplus, profit, and deadweight loss to welfare.
Solutions
Rahul Sunny answered 6 months agoRelated Solutions
Consider a firm with total costs represented by TC=16+Q^2 and a corresponding marginal cost of 2Q...
Consider a firm with total costs represented by
TC=16+Q^2 and a corresponding marginal cost of 2Q
(MC=2Q)
1). Graph the ATC and MC, be certain to label the lowest point
of the ATC.
Consider that firm faces a price of 12$.
2). Find the optimal quantity.
3). Graph and find the total cost, total revenue, and any profit
or loss at the optimal quantity.
Consider a firm with total costs represented by TC=16+Q^2 and a corresponding marginal cost of 2Q...
Consider a firm with total costs represented by TC=16+Q^2 and a
corresponding marginal cost of 2Q (MC=2Q)
1. Graph the ATC and MC, be certain to label the lowest point of
the ATC.
Consider that firm faces a price of 12$.
2. Find the optimal quantity.
3. Graph and find the total cost, total revenue, and any profit
or loss at the optimal quantity.
Consider a firm with total costs represented by TC=16+Q^2 and a corresponding marginal cost of 2Q...
Consider a firm with total costs represented by TC=16+Q^2 and a
corresponding marginal cost of 2Q (MC=2Q)
1. Graph the ATC and MC, be certain to label the lowest point of
the ATC.
Consider that the firm faces a price of $12.
2. Find the optimal quantity
3. Graph and find the total cost, total revenue and any profit
or loss at the optimal quantity
Consider a monopolist with a total cost of TC=9+Q and marginal cost of $1 (MC=1). The...
Consider a monopolist with a total cost of TC=9+Q and marginal
cost of $1 (MC=1). The monopolist faces a demand curve of
P=11-Q.
1. Graph the monopolist
2. Find price and quantity that the monopolist charges.
3. Find the profit and consumer surplus.
4. Find the deadweight loss to welfare.
Consider a monopoly firm that faces the following demand curve, total cost curve, and marginal cost: P(Q) = 120 – 4Q; TC(Q) = 400 + 4Q; MC = 4
Consider a monopoly firm that faces the following demand curve,
total cost curve, and marginal cost: P(Q) = 120 – 4Q; TC(Q) = 400 +
4Q; MC = 4a. What is the marginal revenue (MR) equation?b. Determine the profit maximizing level of production for this
monopolist.c. What is the price that the monopolist will charge at the
profit maximizing level of production?d. What is the monopolists’ profit at the profit maximizing
level of output?e. Suppose the government regulates the industry...
Consider a firm with total costs represented by TC=8+1/2Q2 and a corresponding marginal cost of Q(MC=Q)...
Consider a firm with total costs represented by
TC=8+1/2Q2
and a corresponding marginal cost of Q(MC=Q)
1) Graph the ATC and MC, be certain to label the lowest
point of the ATC
Consider that the firm faces a price of $10
2) Find the optimal quantity
3) Using the ATC/MC graph, find and diagram, the total cost,
total revenue, and any profit or loss at the optimal quantity.
Consider a firm with a short run Total Cost (TC) given by TC=2000 + 1000Q -...
Consider a firm with a short run Total Cost (TC) given by
TC=2000 + 1000Q - 40Q2 + Q3 . What is the
firms marginal cost? What is firm's shut down price?
Pickup (Q) Price/Pickup Total Revenue (TR) Marginal Revenue (MR) Total Cost (TC) Marginal Cost (MC) Average...
Pickup (Q) Price/Pickup Total Revenue (TR) Marginal Revenue
(MR) Total Cost (TC) Marginal Cost (MC) Average Total Cost
(ATC)
0 $4.20 0 --- $3.20 --- ---
1 $3.80 $4.20
2 $3.40 $5.60
3 $3.00 $7.80
4 $2.60 $10.40
5 $2.20 $13.40
6 $1.90 $16.80
Complete the table above, then answer the following
questions
What are the fixed costs per month of garbage collection per
resident? Explain your answer
Considering that the current garbage collection firm the city
has contracted with...
Consider a representative firm with the total costs of TC=16+Q^2 (and marginal costs of 2Q, MC=2Q)...
Consider a representative firm with the total costs of TC=16+Q^2
(and marginal costs of 2Q, MC=2Q) . The market demand curve is
given by P=36-1/2Q and the starting market price is $18
1. Graph the starting scenario using comparative statistics
2. Why is this not a long run equilibrium?
3. What happens in order to transition to the long run?
4. Graph the long run equilibrium using comparative
statistics
5. How many firms are in the market in the long...
14. Consider a monopoly facing the following demand, marginal revenue, total cost, and marginal cost curves:...
14.
Consider a monopoly facing the following demand, marginal revenue,
total cost, and marginal cost curves:
Demand curve: P = 12 – 0.002 Q
Marginal revenue curve: MR = 12 – 0.004 Q
Total cost curve: TC = 3Q +0.0005Q2
Marginal cost curve: MC = 3 + 0.001 Q
a. Calculate the profit maximizing output of this monopoly.
Briefly explain your answer.
b. What is the socially efficient output level? Briefly explain
your answer.
c. Suppose the government wants to...
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