Assume the ATC equals four dollars this monopolist will earn how much profit

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: A monopolist can sell the same product to different consumers at different prices.

A: Monopoly generally occurs when there is only one supplier of a particular commodity in the market.…

Q: Refer to the above data for a monopolist. This firm will maximize its profit by producing:

A: Any monopolist will maximize profit where Marginal Revenue=Marginal Cost  So from Average Total…

Q: A monopolist faces inverse market demand of P = 140 – and has Total Cost given by TC(Q) = 2Q² + 10Q…

A: Answer Solution Inverse demand P = 140 - 0.5Q Total revenue - TR (Q) = P*Q = (140-0.5Q) = 140Q…

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: a) A monopolist is faced with the following cost and revenue curves:

A: The following graph is given: The monopolistic firm maximizes its output at the point where its…

Q: What happens to the monopolist if the per unit tax is imposed? a) Average cost and marginal curves…

A: The average cost is the ratio of total cost and output. It can be indicated as follows: AC = TC/Q…

Q: A monopolist is producing at a point where marginal cost exceeds marginal revenue. How should output…

A: Marginal revenue(MR) is the change in the Total Revenue(TR) on account of the sale of and additional…

Q: A single-price monopolist can sell 4 units at a price of $50 per unit and 5 units at a price of $45…

A: Given information:  Per unit price when monopolist sell 4 units: $50  Per unit price when…

Q: Suppose a profit-maximizing monopolist is producing 1100 units of output and is charging a price of…

A: Answer: Given that:   Suppose a​ profit-maximizing monopolist is producing 1100 units of output and…

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: suppose a monopolist has a demand curve that can be expressed as P=100-q. monopolists marginal…

A: Under the monopolist profit maximizing output level is that level where Marginal cost is equal to…

Q: The marginal revenue curve of a monopolist lies below its demand curve because

A: Monopoly: It is the form of market in which single seller is selling the product and the firms…

Q: The demand function facing the monopolist is given by D(p) 10/p, and the monopolist has positive…

A: here we can calculate the profit maximizing level of output as follow

Q: When a monopolist faces downward-sloping demand, marginal revenue is less than the price. False True

A: Monopolist is the price maker which sets the price, there is single seller.

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: If the price is equal to actual total cost, does the monopolist make profit, lose or break-even?

A: A monopoly is a market situation where are larger number of buyer and only one seller selling a…

Q: The pure monopolist will maximize his profits when average cost equals marginal revenue. True or…

A: Monopoly refers to a market structure where there is only one firm selling a unique product and…

Q: A monopolist has a demand curve that is described as P = 20 – 2Q and a constant marginal cost that…

A: Given demand curve :- P = 20 - 2Q MC = $10

Q: Suppose a single-price monopolist decides to switch to second degree price discrimination. It sells…

A: Consumer surplus, when a single price taken is where MR=MC nad that equilibrium quantity is being…

Q: 5000 The demand function for a monopolist's product is p(q) = 1300 – 7q and the average cost per…

A: A monopolist directs an individual, group, or company that defeats and maintains the market for a…

Q: A monopolist is deciding how to allocate output between two geographically separated markets. The…

A: A monopoly is the sole producer of good in the market thus it will produce at the output level where…

Q: Consider a monopolist with cost function C(Q)=10+30+20² facing demand given by P(Q)=73-30 a) Compute…

A: Here the cost function is TC=10+3Q+2Q2 demand function is P=73-3Q Total revenue=TR=P×Q=73Q-3Q2…

Q: A monopolist always produces at the low point of its average total cost (ATC) curve.   is this true…

A: A monopolist is a single seller who is price maker. There is no competitor in this market.

Q: Which of the following situations is likely to lead to price stickiness when input prices increase?…

A: The market is a location where the transaction of services and commodities takes place. It is…

Q: explain the point at which a monopolist would maximise profits, assuming that the firm faces first…

A: The monopoly is a type of market structure where there is a single firm and a large number of buyers…

Q: A monopolist sells in two markets. What conditions must hold for the firm to be able to charge…

A: A monopolist is a seller who has control over the market supply. This means there is a single seller…

Q: A monopolist can sell its product at any price it wishes.   Is this true or false

A: Answer: False, Explanation: A monopolist will sell at the price which is corresponding to the…

Q: The monopolist is earning a profit equal to

A: Option 4 is correct answer $160

Q: Suppose the inverse demand function for a monopolist's product is given by P=100-2Q and the cost…

A: Demand: P=100-2Q Total Cost: C(Q)=10+2Q

Q: The demand function faced by a monopolist is D(p)=a-p and the cost function is C(q)=cq The…

A: Note that the monopolist can select the level of advertising, and that this affects both the demand…

Q: A monopolist has the following fixed and variable costs:

A: The Total Cost is the summation of the fixed cost and the variable cost of production. i.e. TC=FC+VC…

Q: A monopolist always earns a short run profit   is this true or false

A: We are going to discuss the profit maximization conditions for Monopoly to answer this question.

Q: A monopolist can earn above normal profit entry by other firms will occur. True or false

A: This statement is False. In a monopoly there is a single seller of the product. A monopolist is the…

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 monopolist has a constant marginal cost of production. Its total revenue function is given by the…

A: The following table gives the Total Revenue function. We can determine the Marginal Revenue from the…

Q: the monopolist faces a demand curve given by D(p)=50-p. its cost function is c(y)=y. what is its…

A: As per the given question To extent that monopolist maximizes the amount of profit by equating the…

Q: A monopolist is determining the optimal output Q* to produce. Demand Function: P=12-2Q Average…

A: Given  Demand function faced by monopolist: P= 12-2Q         ... (1) Average cost function:…

Q: A monopolist can produce at a constant average and margin given by Q = 53-P. Find the profit…

A: In economics, market structure describes how enterprises are distinguished and classified depending…

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: Suppose that a monopolist can segregate his buyers into two different groups to which he can charge…

A: A monopoly market refers to the form of a market with only one seller or firm that owns the entire…

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…