b. From the following figure, calculate the following: P 8 6 4 MC=ATC MR D Q 100 150 į. Asssume that the firm is a monopolist, Calculate its total revenue, Total cost and Profit and consumer ww ww. Surplus. ii. Shade the deadweight loss region in the diagram and calculate the value of it.

b. From the following figure, calculate the following: P 8 6 4 MC=ATC MR D Q 100 150 į. Asssume that the firm is a monopolist, Calculate its total revenue, Total cost and Profit and consumer ww ww. Surplus. ii. Shade the deadweight loss region in the diagram and calculate the value of it.

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter14: Indirect Price Discrimination

Section: Chapter Questions

Problem 5MC

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Question

b. From the following figure, calculate the following:
P
8
6
4
MC=ATC
MR
D
Q
100
150
į. Asssume that the firm is a monopolist, Calculate its total revenue, Total cost and Profit and consumer
Surplus.
ii. Shade the deadweight loss region in the diagram and calculate the value of it.

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