Assume inverse demand function for game console in an imaginary country is P=1200-4Q and the total cost function is TC=400+4Q2. Government put $120 of specific tax on production. If the market is competitive what is the incidence of tax on consumer? If the market is monopolist what is the incidence of tax on consumer?

Q: function be given by p = 100 – 0.0002q which generates a marginal revenue function of MR = 100 –…

A: A monopoly is the sole producer of a good in the market thus having maximum market power thus will…

Q: A market has a demand function given by the equation Qd = 180 – 2P, and a supply function given by…

A: The equilbrium price and quantity of a good sold in the market are determined by the forces of…

Q: A market has a demand function given by the equation Qd = 180 – 2P, and a supply function given by…

A: A demand function is a list of prices and the quantities that people are willing and able to buy at…

Q: 1. A profit maximizing monopolist has the following demand and cost functions: P =80–20 TC = Q²…

A: Given information P=80-2Q TC=Q2+8Q+20 Firm is monopolist and profit maximizing firm.

Q: Subject: Business Economics Q10) A monopolist firm has the following total cost function and demand…

A: QD PRICE TC MR MC 5 8 20 - - 6 7 22 2 2 7 6 25 0 3 8 5 29…

Q: A monopolist’s demand function is given by D(p) = 90 − 2p. This monopolist is facing a cost…

A: D(p) or y = 90 − 2p p = 45 - 0.5y C(y) = (1/2)y2 + 600 TR = p*y TR = 45y - 0.5y2

Q: A monopolist has the following production function Q-L050s where Lis the number of units of labour…

A: Here we have:- Market demand=P=24-Q and Q=L0.5K0.5w(wage rate)=$4r(rental rate of capital)=$16 Total…

Q: For a monopolist firm the demand and the total cost functions are given as Q = 20- 0.5P and TC=…

A:

Q: A monopoly sells 30 units of output when price Ksh 12 and 40 units when price is Ksh 10. If its…

A: Sellers sell 30 units of output when price Ksh 12 and 40 units when the price is Ksh 10. So the…

Q: A monopolist has a cost function c(q) = 5q+800 and faces aggregate demand q=3000 - 120p. Suppose…

A: Monopoly firm is the sole producer of a good in the market thus having maximum market power hence…

Q: A market has a demand function given by the equation Qd = 180 – 2P, and a supply function given by…

A:

Q: 3. Assume inverse demand function for game console in an imaginary country is P=1200-4Q and the…

A: First I have solved before tax in each case. Later on I have shown the calculation of after tax.

Q: Calculate producer surplus b. Deadweight loss

A: Answer (a)

Q: . A monopoly produces songs and sell them in CDs. It has a constant marginal and average cost of…

A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost…

Q: (e) Which of the two options would be preferred by the producers? (f) Which of the two options would…

A: Market demand is the demand for goods and the people who are willing purchase it. The market forces…

Q: A monopolist faces the inverse demand function P(x) = a - bx and produces with constant marginal…

A: Since you have posted multiple questions, will be answering only first part.

Q: The market demand function is represented by P = 10,070 -2Q. In this market demand function, Pand Q…

A: Monopoly is a market structure in which there is only one seller in the market selling a unique…

Q: Suppose you are a manager of a County government project that is meant to provide rent-regulated…

A: As we know monopolist earn maximum profit where MC= MR and charge high price and produce less output…

Q: ur market. The production function of the business is given by: Q=4L In the production function, Q…

A: Given Information  Production function = Q = 4L P = 100 - 4Q Then Total Revenue = P x Q…

Q: Suppose the demand for a product X produced by a company AAA is given by the following function: QX…

A: Total revenue is the total amount collected by seller by selling the output at that price i.e. TR =…

Q: For a monopolist's product, the demand function is p= 95-0.05g and the cost function is c= 400 +…

A: Monopoly consists of a single seller who produces a unique good that has no close substitutes with…

Q: Question Three a) Suppose the average total cost (ATC) of a firm is given as 4 ATC = Q +-2 Find the…

A: a) ATC=Q+4/Q-2 First, we will derive the TC function from ATC function. We know that ATC=TC/Q =>…

Q: Question 1: Consider a market where aggregate demand is given by Q = 100 – P There is a monopoly…

A: Note: Since more than three subparts are available in the question, due to Bartleby policy we are…

Q: A market has a demand function given by the equation Qd = 180-2p, and a supply function given by the…

A: Demand function  Qd= 180-2p Supply function  Qs=-15+p Price support =$72

Q: If a firm is a monopolist in the output market and a perfectly competitive firm in the labor market,…

A: The marginal revenue productivity theory states that a profit maximizing firm will hire workers up…

Q: Economics Consider the following cost function faced by the monopolist: TC(q)= 2q2+20q+10. The…

A: 1. Given, Cost function TC(q) = 2q2+20q+10 Demand          p(q) = 200-10q Here q is the quantity p…

Q: Classify the following as a government-enforced barrier to entry, a barrier to entry that is not…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: a) What is the per unit cost of the product? b) What are the demand and inverse demand functions?…

A: "Since you have asked multiple parts, we will answer only first three parts for you. If you have any…

Q: 1) Suppose that a monopolist producing bicycles can divide the aggregate demand into two groups: The…

A: a) Given information: y1 = 1200- 10p1  y2 = 800 - 10p2 C(y) = 50y  y = y1 + y2 MC = 50 When the…

Q: A monopolist’s demand function is given by D(p) = 90 − 2p. This monopolist is facing a cost…

A: given in this question:- the demand function:- D(p) =y= 90 − 2p or p=90-y2=45-y2 and the cost…

Q: Consider a monopolist operating on a market with a downward sloping demand curve. The monopolist has…

A: Monopoly refers to a market condition in which there is one buyer and several sellers of a…

Q: Labour Demand with Monopsony in the Labour Market and Monopoly in the Output Market in the S Run.…

A: Given Information ' Production function = Q = 4L  P = 100 - 4Q  Then Total Revenue = P x Q…

Q: In a stadium there is only one seller of bratwursts (sausages). The inverse demand tion is given by:…

A: Monopoly market is characterized by presence of single firm. Single firm is considered as price…

Q: Question 1. In this question we begin by constructing a competitive market for a good, and then…

A: From previous parts we know , when two firms were operating : Market Supply at price P1 = Supply by…

Q: A market has a demand function given by the equation Qd = 180 – 2P, and a supply function given by…

A: The equilibrium price and quantity of a good sold in a competitive market are determined by the…

Q: A monopolist sets the price as a function of the product produced. For every Q of products produced,…

A: A monopolist is the sole seller of their product, and they set the price of the product they are…

Q: Question 1. In this question we begin by constructing a competitive market for a good, and then…

A: From previous parts we know , when two firms were operating : Market Supply at price P1 = Supply by…

Q: the inverse 7.4.2 The inverse demand function for a good is p = 3 – x², where p is price, x is…

A: Note: As per the Studymode policy we are restricted to answer only first question. Kindly post the…

Q: Question 3 . Bill Gates is the monopoly in the computer market and the sole employer of IT…

A:

Q: Assume a single-price monopolist has an inverse market demand curve given by P(Q)=300-0.5Q, and has…

A: P(Q)=300-0.5Q Q = 600 - 2P C(Q)=125+20Q+0.5Q2. MC = dC/dQ MC = 20 + Q Quantity = 140 units Economic…

Q: Assume inverse demand function_for game console in an imaginary country is P=1200-4Q and the total…

A: a) MC = dTC/dQ = 8Q =In pre-tax equilibrium, setting P = MC,1200 - 4Q = 8Q12Q = 1200Q = 100P = 800

Q: Suppose you discover a stream in northern Minnesota whose water has amazing powers for healing. You…

A: In a competitive market, equilibrium correspond to the point where the marginal cost equals the…

Q: Problem 5. A firm with Monopsony in the Labour Market and Monopoly in the Output Market. (Short Run)…

A: Given that,Production function = Q = 2L P = 100 - 2Q Then Total Revenue = P x Q…

Q: Suppose the revenue (in dollars) from the sale of x units of a product is given by R(x) =  56x2 +…

A: R(x) = (56x2 +65x)/(2x+2)

Q: A firm is a profit-maximizing monopolist in the market of a patented computer software. As an…

A: At profit-maximizing quantity, marginal revenue is equal to marginal cost.

Q: Let us consider an economic sector characterized by the following data. The (inverse) demand…

A: Note:- Since we can only answer one question at a time and as the exact one is not specified, we'll…