Question
In: Economics
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?
Solutions
Rahul Sunny answered 2 years agoRelated Solutions
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?
The inverse demand curve a monopoly faces is p = 100 - 2Q The firm's cost...
The inverse demand curve a monopoly faces is
p = 100 - 2Q
The firm's cost curve is
C (Q) = 20 + 6Q
What is the profit-maximizing solution?
The profit-maximizing quantity is _______. (Round your answer to
two decimal places.)
The profit-maximizing price is $________. (Round your answer to
two decimal places.)
What is the firm's economic profit?
The firm earns a profit of $________. (Round your answer to two
decimal places.)
How does your answer change if C(Q)...
Industry demand is given by : P = 100-2Q The total cost for the individual firm...
Industry demand is given by :
P = 100-2Q
The total cost for the individual firm of which there
are 4, is given by:
TCi = 10qi + qi^2
If the 4 firms form a cartel what will be the price and
output if
the cartel is centralized and
the cartel is decentralized
As we know cheating is a problem with cartels what would
happen to price and output if the cartel breaks down?
The market demand curve is P = 90 − 2Q, and each firm’s total cost function is C = 100 + 2q2
The market demand curve is P = 90 − 2Q, and each firm’s total cost function is C = 100 + 2q2
(a) (7 points) Suppose there is only one firm in the market. Find the market price, quantity, and the firm’s profit.
(b) (5 points) Show the equilibrium on a diagram, depicting the demand function D (with the vertical and horizontal intercepts), the marginal revenue function MR, and the marginal cost function MC. On the same diagram, mark the...
4. Consider a firm with total cost: TC = 200 +2q + 4q2, where q is...
4. Consider a firm with total cost: TC = 200 +2q + 4q2, where
q is output. (Decimals OK!)
a.[1] Is this a Short Run or a Long Run Total Cost function?
Explain how you know.
b.[3] Find the equations for Marginal Cost, Average Total Cost
and Average Variable Cost.
c.[2] What is the minimum efficient scale of production for
this firm?
d.[1] Over what quantities does this firm exhibit diseconomies
of scale?
e.[4] If this represents the cost curve...
The market demand curve is P = 90 − 2Q, and each firm’s total cost function...
The market demand curve is P = 90 − 2Q, and each firm’s total
cost function is C = 100 + 2q2.
1. Suppose there is only one firm in the market. Find the market
price, quantity, and the firm’s profit.
2.Show the equilibrium on a diagram, depicting the demand
function D (with the vertical and horizontal intercepts), the
marginal revenue function MR, and the marginal cost function MC. On
the same diagram, mark the optimal price P, the quantity...
The market demand curve is P = 90 − 2Q, and each firm’s total cost function...
The market demand curve is P = 90 − 2Q, and each firm’s total
cost function is C = 100 + 2q 2 .
(d) (2 points) Verify that the monopoly price and quantity
satisfy the monopolist’s rule of thumb for pricing.
(e) (3 points) What is the monopolist’s factor markup of price
over marginal cost?
(f) (4 points) How does the monopolist’s factor markup of price
over marginal cost compare to that of a perfectly competitive
firm?
1. Suppose a market is described by demand P = 100 - 2Q and there are...
1. Suppose a market is described by demand P = 100 - 2Q and
there are two firms engaged in Stackelberg Competition each with a
MC = 10 What is the consumer surplus in this market (Round market
output to the nearest integer)?
1. 828
2. 1916
3. 1156
4. 1811
Q) Monopoly Demand: P = 32 - Q Marginal revenue: 32-2Q Average total cost = ATC...
Q) Monopoly
Demand: P = 32 - Q
Marginal revenue: 32-2Q
Average total cost = ATC = 2/Q + Q
Marginal Cost: MC = 2Q
Draw a graph showing MC, MR, demand, and ATC. Illustrate this
firm's revenue, cost, and profit in your graph. Then explain why
the marginal revenue lies below the demand curve in a monopoly.
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 _________.
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