1.6 The inverse demand curve a monopoly faces is p=100-Q. The firm's cost curve is C(Q)...

1.6 The inverse demand curve a monopoly faces is p=100-Q. The firm's cost curve is C(Q) = 10 + 5Q(soMC = 5).What is the profit - maximizing solution? How does your answer change if C(Q) = 100 + 5Q?

1.10 The inverse demand curve a monopoly faces is p = 10Q^-0.5

a. What is the firm's marginal revenue curve?

b. The firm's cost curve is C(Q) = 5Q. What is the profit - maximizing solution?

3.9 Consider the inverse demand curve p = 210 - 3Q and the cost function C = 100 + 2Q^2 . If the mar- ket were competitive, calculate the incidence of a specific tax, t = 7, that would fall on consumers. Calculate the incidence of the same tax if the market were instead a monopoly.

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Rahul Sunny answered 1 year ago

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