a monopolist finds the demand curve to be linear, containing data points (q,p) of (100,125) and (20,165). a. how many items can he expect to sell, if the price p is $100? b. what price should he charge to maximize the revenue?

Q: A monopolist's cost structure is such that its total costs are TC = 300 + 200 Q + 3Q². The market…

A: profit maximizing point is where MR = MC , so here by using given information we calculate the…

Q: Explain why a monopolist would never produce in the inelastic range of the demand curve

A: Elastic demand:  The elastic demand refers to that the small change in the price results large…

Q: Virat Cement is a monopolist in the cement industry. Its cost is C = 100 - 5Q + Q ^ 2 and demand is…

A: A monopolist maximizes profit where: Marginal Revenue = Marginal Cost  Marginal Revenue = dTR/dQ…

Q: If the price is less than actual total cost, does the monopolist make a profit, lose or break-even?

A: Monopoly is the form of market structure in which a single firm sells a commodity for which there…

Q: If the price is greater than actual total cost, does the monopolist make a profit, loss, or…

A: Answer to the question is as follows :

Q: A monopolist produces 14,000 units of output and charges $14 per unit. Its MR is $10, its MC is $10,…

A: Given: A monopolist produces 14,000 units Price = $14 MR = $10 MC = $10 ATC = $12 AVC = $9

Q: suppose a monopolist sells to two groups that have constant elasticity demand curve with elasticity…

A: A monopoly firm is the sole supplier of the good in the market and therefore a monopoly firm always…

Q: Consider the following cost and demand information for a monopolist. Demand is Qm = 34 - 1*Pm or Pm…

A: Given : Demand function : Qm = 34 - 1*Pm or  Pm = 34 - 1*Qm  Cost function : TC = 20 + 2*Qm + .5*Qm2…

Q: : Suppose you are a monopolist and you have two customers, A and B. Each will buy either zero or one…

A: If you don't engage yourself in third-degree price discrimination, then you will charge the highest…

Q: How will a monopolist respond to a rise in fixed costs?

A: A monopoly is when a market is experiencing a situation where a single seller offers a specific…

Q: A major difference between a monopolist charging only one price and a perfectly competitive firm is…

A: When talking about forms of market z monopoly market is completely different from perfectly…

Q: A monopolist has a cost function given by c(y) = y2 and faces a demand curve given by P(y) = 120 -…

A: Marginal cost =2y At optimum, we have, MR=MC

Q: The marginal revenue curve for a monopolist O will always have one-half the slope of the demand…

A: Monopolist is the single firm in the market. The industry and firm demand curves are same in the…

Q: A profit-maximizing monopolist sets: A. Price where MC=MR. B. Produces output where MC=MR. C. Both A…

A: In a market, a monopolist is the seller of a specific product or service that is not offered by any…

Q: If the monopolist's demand is represented by a linear downward sloping curve, its total revenue…

A: When talking about monopoly market, monopolist charges a price that lies on demand curve and with…

Q: A perfectly competitive firm is expected to make a $0 economic profit in the long-run. What type(s)…

A: Perfect competition happens when all companies sell the same things, market share has no influence…

Q: A lobster fisherman sells lobsters in a seaside town in Maine. The lobster fisherman is a local…

A: The following problem has been solved as follows:

Q: Refer to the scenario above. The monopolist profit is maximized when the quantity sold is____ packs.…

A: Marginal revenue refers to the additional revenue that a seller receives from selling an extra unit…

Q: A monopolist firm faces a demand with constant elasticity of -2.0.  It has a constant marginal cost…

A: Given the elasticity = -2 MC = 20 dollars

Q: A movie theatre (a local monopolist) caters to students and other adults. The demand function for…

A: Monopolist would set such a price that corresponds to profit-maximizing quantity. Profit maximizing…

Q: Solve the attachment.

A: The monopolist is a single seller who controls the market share and is a price maker. A monopolist…

Q: A monopolist has a cost function given by c(y)=y2 and faces a demand curve given by P(y)=120-y. What…

A: In the production process, the conditions and fluctuations that happen between demand and also the…

Q: Think about a monopolist, the market (inverse) demand function is: P = 30-2Q, his cost function is:…

A: a. The firm produces at MR=MC MR=30-4Q ....... An MR curve is double sloped than an inverse demand…

Q: A monopolist can produce at a constant average and marginal cost of $5. It faces the market demand…

A: Monopolist profit maximises at  Marginal Revenue = Marginal Cost

Q: A monopolist has a demand for its product that is P = A + BQ . It has no fixed costs. Marginal cost…

A: The given information: Demand function is represented as follows: P = A+BQ…

Q: the demand curve for a monopolist is 2p=100-q find total revenue average avenue and marginal…

A: Given the demand curve for a monopolist, 2p=100-q First we find the Total revenue (TR), TR=p×q

Q: A monopolist firm faces a demand with constant elasticity of -2.0. It has a constant marginal cost…

A: According to Lerner index, a monopoly at profit maximizing point holds the following the equation.…

Q: Consider a situation when the producer is a monopolist. Assume that the market demand is P=20-Q. The…

A: Answer- Need to find- Consider a situation when the producer is a monopolist. Assume that the market…

Q: Now suppose that the monopolist chooses q to maximise its profit. The number of units that the…

A: Given information: Monopoly faces following demand  q = 3000 - 120p and Monopoly has following cost…

Q: A movie monopolist sells to college students and other adults. The demand function for students is Q…

A: Without price discrimination Q= QdA+QdS 1,600 – 25P+1,000 – 25P 2600-50P P=2600-Q/50…

Q: A monopolist faces a demand curve Q = 50P~* and has a constant marginal cost of 75. a. Compute the…

A: A monopoly firm is the sole supplier of the good in the market and therefore a monopoly firm faces…

Q: When a single-price monopolist maximizes profits, price is greater than marginal cost. In other…

A: Monopoly expresses a market where a sole seller is privileged to satisfy the needs of the entire…

Q: The marginal revenue for a perfectly competitive firm is equal to the market price. Why is this not…

A: In a perfectly competitive market, there are a large number of buyers and a large number of sellers,…

Q: A monopolist sells in two markets. The inverse demand curve in market 1 is p1 = 200 − y1. The…

A: The optimal price can be found by equating the marginal revenue and marginal cost in each market…

Q: a monopolist knows that there are 2 types of consumers, "high demand" and "low demand" types.…

A: p=150-qL  p=200-qH MC =0 70% of consumers are the L type Total Revenue (TRL ) = 150qL - qL2 Total…

Q: For a monopolist, pricing the output where the demand is relatively inelastic Select one. C. a.…

A: A market system with a single seller is called a monopoly.

Q: Please refer to the figure above. When MC is constant, the ATC is also constant. How much profit the…

A: A monopoly acts as a price maker as it is the sole producer of a good in the market thus produces…

Q: How can a monopolist identify the profitmaximizing level of output if it knows its marginal revenue…

A: A monopoly refers to a single seller in the market. Thus, a monopolist faces no competition and has…

Q: A monopolist faces the inverse daily demand curve P = 20 – 0.005Q, and has the total cost curve C(Q)…

A: Monopoly profit-maximizing output is where marginal revenue equals marginal cost

Q: How can a monopolist identify the profit-maximizing level of output if it knows its marginal revenue…

A: Monopoly refers to the market structure where there is only one firm in the industry. There is a…