4. A monopoly has a production function given by y(x,x,)= x}x} . The prices of output and factors are the following p(y) = 6y ´ a) the factor demand function, ç) the cost function, V1, V2. Compute b) the conditional factor demand function, d) the supply function.
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- Consider a monopoly that faces the demand curve P = 20 − Q, and has the marginal cost curve MC = 2. a) Use the demand curve to find the equation of the marginal revenue curve. b) Find the profit-maximizing price and quantity for this monopoly if the monopoly uses uniform pricing. What is the producer surplus? c) Now, suppose the monopoly wants to increase profits using block pricing. The total cost the monopoly incurs is T C = 2Q. Find the optimal quantities, Q1 and Q2, and their corresponding optimal prices, P1 and P2 that maximize profits using a two-block pricing scheme. What is the new producer surplus? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Assume the following equations describe the conditions for a monopoly: Qd = 2,000 - 100P TC = 3,500 + 5q + .005q2 Where Qd is the quantity demanded, P is the commodity's price in dollars, TC is the firm's total cost in dollars and q is the quantity of output produced. Based upon these equations, answer the following questions: a. What is the firm's equation for total revenue expressed as a function of quantity? b. What is the firm's equation for marginal revenue expressed as a function of quantity? What is the firm's equation for marginal cost expressed as a function of quantity? c. What is the firm's profit maximizing quantity of output? d. What price will the firm charge for the commodity? e. What would be the socially optimal quantity of output? f. What price would regulators have to establish in order to have the firm produce the socially optimal quantity of output?Can you help with parts d,e, and f please? Assume the following equations describe the conditions for a monopoly: Qd = 2,000 - 100P TC = 3,500 + 5q + .005q2 Where Qd is the quantity demanded, P is the commodity's price in dollars, TC is the firm's total cost in dollars and q is the quantity of output produced. Based upon these equations, answer the following questions:a. What is the firm's equation for total revenue expressed as a function of quantity? b. What is the firm's equation for marginal revenue expressed as a function of quantity? What is the firm's equation for marginal cost expressed as a function of quantity? c. What is the firm's profit maximizing quantity of output? d. What price will the firm charge for the commodity? e. What would be the socially optimal quantity of output? f. What price would regulators have to establish in order to have the firm produce the socially optimal quantity of output?
- Lynch Enterprises has a monopoly in the production of dehumidifiers. Its factory is located in Spanish Town. There is no other industry in Spanish Town, and the labor supply equation there is W=10+0.1L, where W is the daily wage and L is the number of person-days of work performed. Dehumidifiers are produced with a production function, Q=10L, where L is daily labor supply and Q is daily output. The demand curve for dehumidifiers is P=41−Q/1,000, where P is the price and Q is the number of sales per day. What is the price of dehumidifiers? Select one: a. 31 b. 11 c. 10 d. 100Which of the following statements about a monopoly is true? (a) The monopolist has a flat demand curve because of high barriers to entry.(b) For a monopolistic firm, profit will be maximised where price = marginalrevenue.(c) In the long run, a monopolist can earn only normal profits.(d) Price, in the long run, is not usually equal to the minimum average totalcost.Q.1.19 Which of the following will NOT shift the market supply of labour curve? (a) A change in the wages of the labourers.(b) A change in migration.(c) A change in the size of the population due to a change in birth or deathrates.(d) Trade union action.Let be a monopoly whose total cost function is such that C(Q) = 2Q. The (inverse) demand in this market is given by P(Q) = 16 - Q. Which one is right ? a. If the monopoly maximizes its profit, Dead load of the monopoly is 32.5 b. If the monopoly maximizes its profit . Dead load of the monopoly is 24.5 c. If the monopoly maximizes its profit. Dead load of the monopoly is 35 d. None of these statements is correct e. If monopoly maximizes its profit The dead load of monopoly is 28.5
- Question a)monopoly faces a demand curve: D(p)=200-p. MC-10, FC= 100. Calculate the profit- maximaizing quantity and answer the following questions: P= CS= PS= TR= Marginal revenue function: MR= Inverse demand function: P= profit= TC= SW(Social welfare)= Optimal quantity: Q= Find the values for the above quantities using the following set of options: 9900 100 1900 90 4050 20 200-Q 110 200-20 8000 8100 12150 180 b) The average cost function of a competitive firm is AC= 3/Q+ 2+ 3*Q The optimal quantity is: 2 How much is the profit? c) The marginal utility of x is 100-14x, and that of y is 200- Ay. The price of x is 1, the price of y is 2, the income of the consumer is 100. How many of y is there in the optimal basket?A monopoly function for a firm given ? = 20 − 0.2? where ? is price and ? is output. Find (a) Total revenue function (b) Average revenue function (c) Marginal revenue function (d) ? = dq/dp , p/q at ? = 50 and show that at this ∈ value, ?$(?) = 0.