Demand and Cost facing Monopolist Total Total Marginal Marginal Total Price Quantity Variable Profit Revenue Revenue Cost Cost Cost $10 10 $30 $9 20 $50 $8 30 $60 $7 40 $80 $6 50 $110 $5 60 $150 $4 70 $210 $3 80 $290 $2 90 $390
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- Why are generic pharmaceuticals significantly cheaper than name brand ones?When a monopolist identifies its profit-maximizing quantity of output, how does it decide what price to charge?How can a monopolist identify the profit-maximizing level of output if it knows its total revenue and total cost curves?
- Explain the methods used toallocate the integratedmarketing communications(IMC) budget.Draw the demand, marginal-revenue, averagetotal-cost, and marginal-cost curves for amonopolist. Show the profit-maximizing levelof output, the profit-maximizing price, and theamount of profitSelect the correct one : Do both state and federal law protect aganist trademark dilution? A) Only some states have trademark dilution laws, but there is no federal law. B) There is a federal law, but no state law. C) Both federal law and some states have trademark dilution laws. D) Every state has a law against trademark dilution, but there is no federal law. E) Every state has a law against trademark dilution and there is a federal law .
- The table below shows a monopolist’s demand curve and cost information for the production of its good. What quantity will it produce? Quantity Price per Unit Total Cost 1,000 $5.00 $1,000 1,100 $4.50 $1,100 1,300 $2.50 $1,150 1,400 $2.00 $1,200 Question 6 options: $1,400 $1,300 $1,100 $1,000Multichoice company broadcasts to subscribers in Lusaka and Solwezi. The demand for each ofthese two groups are Qsz= 50 - (1/3) Ps and QUSK= 80 - (2/3) Pusk, where Q is in thousands ofsubscriptions per year and P is the subscription price per year. The cost of providing Q units.ofservice is given by C (Q) = 1000 + 30Q, where Q = Qsz + QusK. Assuming Multichoice is aMonopoly and can engage in third-price discrimination, then1. What is the profit-maximizing price and quantity in Solwezi Market?2. What is the profit-maximizing price and quantity in Lusaka Market?3. Suppose the Monopoly can only charge a single. What price should it charge and what isthe total quantity sold?Critically evaluate and explain each statement: The pure monopolist seeks the output that will yield the greatest per-unit profit.
- There is a monopolist,ConcreteMex,in the concretemarketin Mexico. The demand function is QD= 100–50p. The marginal cost of production isc=0.4. (referencing) Question 1.3 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 0.2dollars. What are the new profit-maximizing price and production levels for ConcreteMex? Under the subsidy policy and the new price in Question 1.3, calculate the consumer surplus, producer surplus, and deadweight loss. You do not need to consider government spending for the deadweight loss.The demand schedule of Karachi electric (KE) (known as monopolist) is given as below. You needto find the missing values using TR-TC & MR-MC approaches to analyze its cost of productionand profit maximizing point.Output Price Total Cost Total Revenue MC MR0 Rs.24 Rs.101 21 142 18 203 15 284 12 385 9 50a. Find the missing values of Total Revenue columnb. Find the output level that maximizes the firm's profit, using TR-TC approachc. What price should the firm set to achieve maximum profit?d. Complete the final two columns to verify that the same conclusions are reached using theMR = MC rule.e. Compare both the results and comment on the business and its positionThe table below shows the demand and total revenue for a monopolist. Fill in the "Marginal Revenue" column for the various prices and quantities. Instructions: Enter your answer as a whole number. If you are entering a negative number include a minus sign. Demand and Revenues Price (dollars) Quantity Demanded Total Revenue (dollars) Marginal Revenue (dollars) $250 0 $0 — 225 20 4,500 $ 200 40 8,000 175 60 10,500 150 80 12,000 125 100 12,500 100 120 12,000