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A monopolist is faced with the following cost and revenue
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- If the demand of a Monopolist is as follows: Qd = 5500-12P And the TC function is equivalent to the following function: Total Cost = 8000 + Q2 a) Determine the level of production where profit is highest. b) Graph situation of the monopolistEyeglasslux is a single-price monopolist in the eye-glass frame market. It faces a Market demand given by Q=355-2P. Its only cost is a Marginal Cost of MC=Q What is the Marginal Revenue for the 268th unit?A monopolist has a demand for its product that is P = A + BQ . It has no fixed costs. Marginal cost is constant at MC = C. Find the profit-maximizing quantity Q to produce and find the profit maximizing price P.P = A + BQP= 315 + -8QMC=CMC= 75
- A monopolist has demand and cost curves given by: QD = 1000 - 2P TC = 5,000 + 50Q Find the monopolist's profit-maximizing quantity and price. Find the monopolist's profit.XYZ company uses a technology for producing its good. This enables the firm to meet the entire market demand at a lower price than its two competitors. What factor makes XYZ company a monopolist? a. increasing average total costs. b. a legal barrier to entry. c. Knowledge of exclusive production techniques d. All of theseThere is a monopolist, Concrete Mex, in the concrete market in Mexico. The demand function is Qd= 100-50p. The marginal cost of production is c = 0.4. a) ConcreteMex claimed the high price is due to high transportation costs and persuaded the government to help cut down the costs. As a result, for every unit of concrete sold, the government subsidizes ConcreteMex 0.2 dollars. What are the new profit maximizing price and production level for ConcreteMex? b) Under the subsidy policy and the new price in a part, calculate the consumer surplus, producer surplus, and deadweight loss. You do not need to consider government spending for the deadweight loss. c) Suppose ConcreteMex wants to enter a different market, the competitive market in Texas. To enter the market, ConcreteMex needs to pay a fixed cost of F = 1, and its variable cost in Texas is VC = (0.4+Q)Q. What is ConcreteMex’s total cost, marginal cost, and average total cost in Texas at production level Q?
- A monopolist firm faces demand curve P = 210 - 4Q and initially faces MC = 10. Compute the profit maximizing price and quantitJohnson, Inc., a monopolist, produces a chemical at a constant marginal cost of $12. The chemical is sold in market A and market B where the demand functions are qA=120-pA, and qB=80-pB, respectively. a) If resale of the chemical between markets A and B is not feasible and price discrimination is allowed, compute the prices, the quantities sold, and Johnson’s Inc. profits at the industry equilibriumFor a monopolist's product, the cost function is c= 0.004g + 20q + 6000 and the demand function is p= 450 – 4q. Find the profit-maximizing output. The profit-maximizing output is (Round to the nearest whole number as needed.)
- Once a monopolist has determined its profit-maximizing (equilibrium) quantity of output, QM, which condition does it use to set the price? Question 9Answer a. None of the other options are correct b. Price = Demand at QM c. Price = Average Cost at QM d. Price = Marginal Cost at QM(1) A monopolist is forced to lower its price in order to sell another unit of its product. This describes the problem of A-persistent economic profits. B-market power. C-diseconomies of scale D-economies of scale. E-market discrimination (2)Koel is the single producer of home air conditioners in its rural market. The firm's monthly demand is described by the equation P = 5000 − 5Q, where P is the price and Q is the quantity of units sold. Which of the following must be true of Koel? A-An increase in price decreases the quantity sold. B-It is a natural monopoly. C-A decrease in price decreases the quantity sold. D-Higher levels of output bring in increasingly lower total revenue if demand is elastic. E-Maintaining the current price decreases the quantity sold over time. (3)Nori is a firm that sells products in an industry with a very high concentration of sellers. Nori's production decisions must consider its competitors' possible production decisions. In which market must…Q.5 Deprive monopoly demand for an input when several inputs are used in the production process. (Explain Minimum 2000 words... Only 15 percent plagiarism allowed.)
