12:40 a bartleby.com Document1 Compatibility Mode ew AaBbCcD AaBbCcDdE AaBbCcD AaBbCcDdEe AaBbCcD AaBbCcDdEe AaBbCcDdEe Невding 2 No Spacing Subtle Em Title Subtitle Normal Heading 1 The accompanying figure shows the demand curve, marginal revenue curve, marginal cost curve and average total cost curve for a monopolist. 30 28 26 24 22 20 18 16 ATC 14 12 10 8 мс 4 D MR 2 9 10 6 7 1 2 4 Quantity (units/day) 1) This monopolist maximizes its profit by producing charging a price of units per day and per unit. units per day 2) The socially optimal level of output is 3) At this monopolist's proflt-maximizing level of output what is its economic profit or loss? 4) At his monopolist's soclally optimal level of output, what is its economic profit or loss? 5) At this monopolist's proflt-maximizing level of output what the deadweight loss to society? MOC Price (S/unit)

Question

Can you help me with 4 and 5 

12:40
a bartleby.com
Document1 Compatibility Mode
ew
AaBbCcD AaBbCcDdE AaBbCcD AaBbCcDdEe
AaBbCcD
AaBbCcDdEe
AaBbCcDdEe
Невding 2
No Spacing
Subtle Em
Title
Subtitle
Normal
Heading 1
The accompanying figure shows the demand curve, marginal revenue curve, marginal
cost curve and average total cost curve for a monopolist.
30
28
26
24
22
20
18
16
ATC
14
12
10
8
мс
4
D
MR
2
9
10
6
7
1
2
4
Quantity (units/day)
1) This monopolist maximizes its profit by producing
charging a price of
units per day and
per unit.
units per day
2) The socially optimal level of output is
3) At this monopolist's proflt-maximizing level of output what is its economic
profit or loss?
4) At his monopolist's soclally optimal level of output, what is its economic profit
or loss?
5) At this monopolist's proflt-maximizing level of output what the deadweight
loss to society?
MOC
Price (S/unit)

Image Transcription

12:40 a bartleby.com Document1 Compatibility Mode ew AaBbCcD AaBbCcDdE AaBbCcD AaBbCcDdEe AaBbCcD AaBbCcDdEe AaBbCcDdEe Невding 2 No Spacing Subtle Em Title Subtitle Normal Heading 1 The accompanying figure shows the demand curve, marginal revenue curve, marginal cost curve and average total cost curve for a monopolist. 30 28 26 24 22 20 18 16 ATC 14 12 10 8 мс 4 D MR 2 9 10 6 7 1 2 4 Quantity (units/day) 1) This monopolist maximizes its profit by producing charging a price of units per day and per unit. units per day 2) The socially optimal level of output is 3) At this monopolist's proflt-maximizing level of output what is its economic profit or loss? 4) At his monopolist's soclally optimal level of output, what is its economic profit or loss? 5) At this monopolist's proflt-maximizing level of output what the deadweight loss to society? MOC Price (S/unit)

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