09+Monopoly

Answer Question 8

Use the following information to answer questions 1 through 4: The table below shows data for the production of Apples for an individual firm operating as a monopoly. 0 10 20 30 40 50 60 70 80 Quantity of Apples Price Total Costs 600 3000 550 3750 500 4750 450 6000 400 8500 350 12500 300 20000 250 32000 200 43500 Monopoly Problem Set¹ 1. Given this data, complete the table: Profit Quantity of Apple Price 0 10 20 30 40 50 Total TC Revenue (TR) Marginal Revenue (MR) Marginal Costs (MC) 2. At what quantity are marginal revenues equal to marginal costs?

A monopoly market is characterized by the profit maximizer, price maker, high barriers to entry, single seller, and price discrimination. The information on the table below is a typical monopoly firm. Use it to answer the questions that follow Output Price Total Cost 0 $100 $200 1 100 290 2 100 350 3 100 390 4 100 470 5 100 560 6 100 700 7 100 900 i. What is the profit maximizing or loss minimizing quantity of output of this firm to produce? Why?  ii. What is the profit or loss at the profit maximizing or loss minimizing output level?  iii. Should the firm shut down or remain in operation? Why?  iv. Assuming this is a representative firm in the industry or market, given the profits or losses incurred, what can be expected to happen over time in the market?

Sub : Economics ( Regulating a natural monopoly)Pls answer Fastt. i ll upvote. Thank You

3 13 out of question The graph below shows the demand, revenue and cost curves for a monopoly operating in the short run. Use the graph to answer the questions that follow: Price and costs (dollars per unit) 5 4 3 لیا 2 0 20 MC 40 MR 60 80 100 120 Quantity (units per day) What is the consumer surplus given change from monopoly to perfect competitor? ATC D

CS 12  Economics

Price $100 90 80 70 60 50 40 Quantity Average Total Cost 1 2 3 4 5 6 7 $100 63 52.67 49.50 49.60 50 52.29 TC TR Refer to the above data for a monopoly (Table 4). This monopoly firm will maximize its profit by producing: MR (Quantity) MC Note: Round to the nearest whole number ‒‒‒‒‒‒ Refer to the above data for a monopoly (Table 4). At its profit-maximizing output, this monopoly's total profit will be:

The table below shows cost data for producing different amounts of cars. Suppose this market is a monopoly. Use the information in the table to find the output where the monopoly would maximize profit. Profit maximizing quantity: Price ($) Quantity Total Revenue ($) Total Cost ($) 150 0 0 60 120 3 360 108 100 600 240 90 810 405 80 960 672 70 1050 1050 What is the profit the monopoly achieved? $ 9 12 15 A ▶

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Regulating a natural monopoly Consider the local cable company, a natural monopoly. The following graph shows the monthly demand curve for cable services, the company's marginal-revenue (MR), marginal cost (MC), and average-total-cost (ATC) curves.   PLEASE CHECK THE IMAGES

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QUESTION 3 The following figure represents an unregulated single- price monopoly. MC ATC MR 6 8 10 12 Quantity (units per year) What is the output and price where its profit is maximised? A) The output will be 4 units per year and the price will be $6. B) The output will be 6 units per year and the price will be $4. C) The output will be 4 units per year and the price will be $4. D) None of the above answers is correct. Price and costs (dollars per unk) 2.

Consider this market.  What would be the competitive price if this market wasn't a monopoly?   Question 11 options:   A   B   C   D

Price MC $33 $30 $20 $18 $16 8 10 15 MR ATC Quantity The graph shown represents the cost and revenue curves faced by a monopoly. What profit is earned by the monopolist in the short run? $150 $128 $450 $330 ◄ Previous Next ▸

2. The following table represents some information on a monopoly: Total Marginal Cost Cost (TC) (MC) 20 10 19 13 16 18 14 25 12 34 10 44 8 60 6 80 a. Fill in the missing values in the table and explain how each column is Quantity (Q) 0 1 2 3 4 5 6 7 Price (P) Revenue (R) Marginal Revenue (MR) Profits calculated b. What is the profit-maximizing output that the monopoly should produce? What are profits at this quantity? Explain your answers. c. How many units would be produced if this were a competitive market? What are profits? (Hint: the quantity will be where P = MC) Explain your work. d. In which of the markets above (monopoly or perfect competition) would we expect there to be a deadweight loss? Briefly explain the cause of the deadweight loss.