6. (20 pts) Explain your diagram and show your work. Tanya’s Trucking (T2) has a local...

6. (20 pts) Explain your diagram and show your work. Tanya’s Trucking (T2) has a local monopoly in trucking services. The demand curve and cost curve faced by her firm are as follows: P = 2410 – 4Q C = 50,000 + 10Q + 4Q2

a. Calculate the profit maximizing price and quantity. Calculate monopoly profit. Use a diagram to illustrate your answer. Show the Demand, MR and MC curves. You do not need to show the AC curve. Show the consumer and producer surplus which results from monopoly on your diagram.

b. What would output and price equal if T2 acted like a perfectly competitive firm and set P = MC? Show the perfectly competitive outcome and the resulting producer and consumer surplus on your diagram from part a.

c. Identify the welfare gain from moving to perfect competition from monopoly on your diagram and then compute the value of this gain.

Expert Solution

Rahul Sunny answered 7 months ago

SHOW YOUR WORK! (9 pts) (a) Determine the mass to light ratio for NGC 2742 at...

SHOW YOUR WORK! (9 pts) (a) Determine the mass to light ratio for NGC 2742 at your largest radius by dividing your gravitational mass by your luminous mass. Put the mass to light ratio another way: What percentage of the total mass is luminous? (divide luminous mass by gravitational mass and multiply by 100) What percentage of the total mass cannot be accounted for in the light that we see? (subtract the percentage found in (b) from 100) This...

The Company had the following financial data; (10 pts) (show your work) 2017 &nbs

The Company had the following financial data; (10 pts) (show your work) 2017 2016 Current Assets 45,000 Current Assets 25,000 AR 30,000 AR 40,000 Inventory 15,000 Inventory 20,000 Total Assets 120,000 Total Assets 105,000 Current Liabilities 30,000 Current Liabilities 25,000 Long Term Liabilities 90,000 Long Term Liabilities 70,000 Equity 45,000 Equity 5,000 Sales 220,000 Sales 150,000 COGS 90,000 COGS 70,000 Net Income 20,000 Net Income 10,000 Authorized...

FIREFLIES (6 pts) Your hard work building the fancy fire pit you saw on Pinterest...

FIREFLIES (6 pts) Your hard work building the fancy fire pit you saw on Pinterest has really paid off! Now every weekend evening in the summer your neighbors and their kids come over to enjoy conversation, games, and cool beverages with you and your family. One especially cunning parent has managed to convince the neighborhood children to put down their tablets and phones and play by catching (and sometimes releasing) fireflies. You make a game out of it by...

Your participation in class has led to your work as a consultant for a local trade...

Your participation in class has led to your work as a consultant for a local trade union which is preparing for negotiations. They have asked you for a four page memo outlining a union’s basic health care strategy. Since this is hypothetical, the memo should generally address the current trends in health care costs, trends in employer contributions and advice for messaging with their members regarding any changes to coverage and/or contributions. This is an internal memo only designed to...

Costing Models You work for XYZ trucking and your boss has asked you to figure out...

Costing Models You work for XYZ trucking and your boss has asked you to figure out how much the firm should charge a new customer to make a full Truckload delivery and make a 15% profit. The firm knows that it will find a backhaul customer, so you only need to worry about the cost for the move. The shipment consist of 400 boxes weighing 100 pounds each, and measuring 4 cubic feet each. The trailers that your company uses...

a) (6 pts) Write down and carefully explain three assumptions on preferences. b) (6 pts) Under...

a) (6 pts) Write down and carefully explain three assumptions on preferences. b) (6 pts) Under these three assumptions, show why indifference curves cannot cross.

Show your work please A random sample of 20 aluminum cola cans is selected and the...

Show your work please A random sample of 20 aluminum cola cans is selected and the axial loads are measured and the variance is 345.96 lb. Use a 0.05 significance level to test the claim that cans have axial loads with the smaller variance than 772.84 lb. final answers Hypothesis Test Statistic p-value Decision Conclusion

Show all of your work in the space provided. Show all of your work to get...

Show all of your work in the space provided. Show all of your work to get full credit. All answers have to be in SI units(20 pints for each questions). 2.Following are the two sets of position and time data collected using a motion sensor and cart. Table 1. table 2 Time (s) Position (m) V(instantaneous) (m/s) 0 10.0 0.25 13.0 0.50 16.5 0.75 21.0 1.00 26.5 1.25 32.3 1.50 38.0 1.75 44.5 2.00 52.0 2.25 60.0 2.50 68.5...

6. Calculate the following, and make sure to show your work, including units and substance on...

6. Calculate the following, and make sure to show your work, including units and substance on every numerical value: a. What is the molarity of a solution that is made of 2.768 g of Pb(NO3)2 in 150 mL of H2O? b. How many grams of calcium chloride would it take to make 2.7L of a .10M solution? c. What is the concentration of a solution made by diluting 100 mL of 3.0 M HCl with 300 mL water?...

Please show your work A company just paid a dividend of $6 and expects the dividend...

Please show your work A company just paid a dividend of $6 and expects the dividend to decrease 10% this year, decrease 20% next year and then grow at a constant rate of 5% thereafter. If your required rate of return for the company is 10%, what is the per share value today? A. $74.50 B. $76.25 C. $78.22 D. $80.14 E. $83.45

Question