Demand: P= 140 - 0.5 Q Total Cost: TC= 2.25 Q 2 Part 1: Find the...

Demand: P= 140 - 0.5 Q Total Cost: TC= 2.25 Q ² Part 1: Find the profit-Maximizing Q of the Monopoly Part 2: Find The profit-Maximizing price of the Monopoly
Part 3: Find the Total Profit at the profit maximizing quantity
Part 4: Find the amount of consumer surplus at the profit maximizing quantity
Part 5: Find the deadweight loss at the profit maximizing quantity

Expert Solution

Rahul Sunny answered 3 months ago

Suppose the demand of the good is P = 10 - Q. A monopolist's total cost is TC = 2 + 4Q.

Suppose the demand of the good is P = 10 - Q. A monopolist's total cost is TC = 2 + 4Q. What's the optimal price and quantity of the monopolist?calculate the monopolist's profit (or loss)also calculate the deadweight loss from monopoly

The total cost (TC) and inverse demand equations for a monopolist are: TC=100+5Q^2 P=200?5Q a. What...

The total cost (TC) and inverse demand equations for a monopolist are: TC=100+5Q^2 P=200?5Q a. What is the profit-maximizing quantity? b. What is the profit-maximizing price? c. What is the monopolist's maximum profit? The demand equation for a product sold by a monopolist is Q=25?0.5P TC=225+5Q+0.25Q^2 a. Calculate the profit-maximizing price and quantity. b. What is the monopolist's profit?

demand p=20-q total cost =20+q+q^2 find price ,quantity, and profit for a monoplist firm price ,quntitiy,...

demand p=20-q total cost =20+q+q^2 find price ,quantity, and profit for a monoplist firm price ,quntitiy, and profit for purely commpetitive firm

the demand is given by p= 140-4Q Where P is the price and Q is the...

the demand is given by p= 140-4Q Where P is the price and Q is the quantity demanded. Find the price at which the own price elasticity is -3. (round to 2 decimals)

1. The demand function for the Baye Firm is: P = 100 – 0.5 Q The...

1. The demand function for the Baye Firm is: P = 100 – 0.5 Q The firm’s total cost function is: 1500 – 10 Q + 0.5Q2 (a) Is this a perfectly competitive firm? (5 Points) (b) Find the output level and price at which the firm’s total revenue is maximized. (10 Points) (c) Find the output level and price at which the firm’s total profit is maximized. (10 Points) (d) Is demand elastic, unitary elastic, or inelastic at the...

1. A monopolist faces demand of Q = 20 - P. Its costs are TC =...

1. A monopolist faces demand of Q = 20 - P. Its costs are TC = 2Q + 10. f) If we had a perfectly competitive market with demand of Q = 20 – P and a supply of P = 2, what market price and quantity would have been the equilibrium? Is Q lower and P higher with a monopoly? g) Now, go back to the original monopolist. The firm has unveiled a successful new ad campaign. Its costs...

a monopoly market demand is p = 200-2q. Total Cost is TC =40Q + 100. In...

a monopoly market demand is p = 200-2q. Total Cost is TC =40Q + 100. In equilibrium what is the producer surplus and consumer surplus?

1. Demand: P=120-Q Total Cost: TC=Q2 Marginal Revenue: MR=120-2Q Marginal Cost: MC=2Q What is the amount of profit...

1. Demand: P=120-Q Total Cost: TC=Q2 Marginal Revenue: MR=120-2Q Marginal Cost: MC=2Q What is the amount of profit for this monopolist? 2. Demand: P=120-Q Total Cost: TC=Q2 Marginal Revenue: MR=120-2Q Marginal Cost: MC=2Q For this monopolist, the profit-maximizing price is ________ and the profit-maximizing quantity is _________. 3. Demand: P=120-Q Total Cost: TC=Q2 Marginal Revenue: MR=120-2Q Marginal Cost: MC=2Q Compared to perfect competition where P=MC, what is the amount of deadweight loss caused by this monopolist _________.

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...

Table of Q Output, TC, MC, Qd, P and MR Output Total cost Marginal cost Quantity...

Table of Q Output, TC, MC, Qd, P and MR Output Total cost Marginal cost Quantity demanded Price Marginal revenue 0 $75 0 $180 1 120 $_____ 1 165 $_____ 2 135 _____ 2 150 _____ 3 165 _____ 3 135 _____ 4 210 _____ 4 120 _____ 5 270 _____ 5 105 _____ 6 345 _____ 6 90 _____ 7 435 _____ 7 75 _____ 8 540 _____ 8 60 _____ 9 660 _____ 9 45 _____ 10 795...

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