Question
In: Economics
A monopolist faces a demand Q(p)=200-5p and have total costs C(q)=10q. What is the monopolists's choice...
A monopolist faces a demand Q(p)=200-5p and have total costs C(q)=10q. What is the monopolists's choice of output level? What is the price level in this market when the firm maximizes profit? What is the monopolist’s maximum profit?
Solutions
Rahul Sunny answered 2 years agoRelated Solutions
A monopolist faces a demand Q(p)=200-5p and have total costs C(q)=10q. What is the monopolists's choice...
A monopolist faces a demand Q(p)=200-5p and have total costs
C(q)=10q. What is the monopolists's choice of output level? Group
of answer choices
100
50
150
75
37.5
Suppose a monopolist faces the following demand curve: Q=200-5P also, the long run total cost of...
Suppose a monopolist faces the following demand curve:
Q=200-5P
also, the long run total cost of the monopolist is given by
TC=20+2Q-.5Q^2
a) what is the monopolist’s MC function?
b)what is the monopolist MR function?
c) what is the monopolist profit maximizing level of
output?
d) what is monopolist profit maximizing level of price?
e) how much profit is the monopoly firm is earning?
f) what is the value of consumer surplus under monopoly?
g) what is the value of...
Suppose a monopolist faces the following demand curve: Q = 200 – 5P Also, the long...
Suppose a monopolist faces the following demand curve:
Q = 200 – 5P
Also, the long run total cost of the monopolist is given by
TC = 20 + 2Q -
.5Q2
a. What the monopolist’s MC function? (1/2
Point)
b. What is the monopolist’s MR function? (1/2
Point)
c. What is the monopolist’s profit maximizing level of output?
(1/2 Point)
d. What is monopolist’s profit maximizing level of price?
(1/2 Point)
e. How much profit is this monopoly...
A monopolist faces a market demand: P = 200 – Q. The monopolist has cost function...
A monopolist faces a market demand: P = 200 – Q. The monopolist
has cost function as C = 1000 + Q2, and marginal cost MC = 2Q.
(
1) Solve for Marginal Revenue (MR) function.
(2) Find the profit-maximizing quantity? Profit?
(3) Suppose the monopolist decides to practice 3rd degree price
discrimination. Without solving for the 3rd degree price
discrimination, can you compare the new profit earned by the
monopolist with the old profit?
A monopolist faces a demand curve of P = 120 – Q, and has costs of...
A monopolist faces a demand curve of P = 120 – Q, and has costs
of C = 50 + 20Q. The monopolist sets a uniform price to maximize
profits.
Group of answer choices
a) All of the answers are correct.
b)The profit-maximizing price is 70.
c)Deadweight loss is 1250.
d) Producer surplus is 2500.
A monopolist with the cost function C(q) = q faces the market demand curve p =...
A monopolist with the cost function C(q) = q faces the
market demand curve
p = 101 -2q. What is the maximum amount the monopolist is
willing to pay for advertising that shifts its demand curve to
p = 101-q?
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...
Consider a monopolist who has a total cost function C(q) = 1000 + 10q The demand...
Consider a monopolist who has a total cost function C(q) = 1000
+ 10q The demand function for the market is D(p) = 600 - 12.5p
Answer each part below:(a) Use the inverse demand equation to
derive the monopolist's marginal revenue equation, MR(q). (1
points) (b) What is the marginal cost, MC(q)? (0.5 points) (c)
Solve for the profit-maximizing quantity and price. Note: Explain
or show your work! (2 points) (d) Compute the price elasticity of
demand at the profit-maximizing...
A monopolist faces a market (inverse) demand curve P = 50 − Q . Its total...
A monopolist faces a market (inverse) demand curve P = 50 − Q .
Its total cost is C = 100 + 10Q + Q2 .
a. (1 point) What is the competitive equilibrium benchmark in
this market? What profit does the firm earn if it produces at this
point?
b. (2 points) What is the monopoly equilibrium price and
quantity? What profit does the firm earn if it produces at this
point?
c. (2 points) What is the deadweight...
The market demand function for a monopolist is p=58-2Q and its cost is C(Q)=10Q. a) Determine...
The market demand function for a monopolist is p=58-2Q
and its cost is C(Q)=10Q.
a) Determine the monopolist’s price and quantity in
equilibrium.
b) Suppose now that a competition authority forces
the monopolist to employ marginal cost pricing. Determine the price
and the quantity with this new pricing scheme.
c) Compute and compare the consumer surplus,
the firm’s profit, and the social welfare under unrestricted
monopoly and under marginal cost pricing. What is the deadweight
loss due to unrestricted monopoly pricing?
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Large lots are desirable in supply chain coordination despite increasing holding costs.
- ***Convert the C++ to Python*** #include <iostream> using std::cout; using std::cin; using std::endl; int charClass; char...
- Make-or-Buy Decision Fremont Computer Company has been purchasing carrying cases for its portable computers at a...
- The following costs were incurred for the single product produced during the first year of operations...
- Non-constant growth model: Do=$2.00 required return on equity= 5% g= 9% n=1,2 g=7% n=3,4 g=3% n=5...
- . Find all x ∈ Z143 such that x2Ξ 7 (mod 143). Please explain all steps...
- #Python: A palindrome is a sequence of characters that reads the same backwards as forwards. For...
ADVERTISEMENT