Exhibit 15-5 P/$ 24 22 42 64 NN 18 14 MR 56 8 10 a) P=$24 and Q=5 If the natural monopoly in Exhibit 15-5 is regulated so that it earns a normal profit, then b) P = $24 and Q = 8 c) P = $20 and Q = 8 MC AC d) P= $22 and Q=6 e) P= $18 and Q=S Q/1
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- A pure monopoly sells 6 units of a product per day at a unit price of $15. If it lowers the price to $14, its total revenue increases by $22. This implies that its sold output increases by _____. rev: 05_15_2018Q37 A monopoly is distinguished from a firm operating under any other market structure in that the monopoly... a. Faces a demand curve which is identical to the market demand curve. b. Charges a price higher than its average revenue. c. Can choose its level of cost. d. Can choose its output level. e. Does not produce at a profit-maximizing level of output.As the manager of a monopoly, you face potential government regulation. Your inverse demand is P = 65 - 1Q, and your costs are C(Q) = 21Q.a. Determine the monopoly price and output.Monopoly price: $ Monopoly output: unitsb. Determine the socially efficient price and output.Socially efficient price: $ Socially efficient output: unitsc. What is the maximum amount your firm should be willing to spend on lobbying efforts to prevent the price from being regulated at the socially optimal level?$
- Q.5 Deprive monopoly demand for an input when several inputs are used in the production process. (Explain Minimum 2000 words... Only 15 percent plagiarism allowed.)Under patent protection, a firm has a monopoly in its production. Market demand is estimated to be P = 600 – 0.3Q. The firm’s economic costs are given by ATC = MC = $60 per unit. Determine the firm’s optimal output, price and economic profit After the firm’s patent expires, predict the new market output and price under perfect competition. Assume that competing suppliers have the same economic costs as the original producer. What is the new market price, quantity, and total industry profit? Compute the resulting change in consumer surplus Compute the resulting change in producer surplus.The demand curve P=120-Q is what a monopolist deals with. The marginal cost and marginal revenue curves for the monopolist are shown by the equations MC=2Q and MR=120-2Q, respectively. How much deadweight is lost as a result of monopoly?30200300150
- Give at least five purposes of tobacco regulation act of 2003 (R.A. 9211)Fill-up the following table relating to monopoly operations and regulations given the following total cost and inverse demand functions: Total Cost: TC = Q2 + 100;Inverse Demand: P = 120 – Q No regulation MC-Pricing (MC=P*) w/ Lump Sum Tax (T=75) w/ Specific Tax (t=10) Profit Equation 120Q-2Q2-Q2-100 120Q-2Q2-Q2-100 120Q-2Q2-Q2-100-75 120Q-2Q2-Q2-100-10Q Q* 30 40 30 27.5 P* 90 80 90 92.5 TR at Q* 2700 3200 2700 2543.75 TC at Q* 1000 1700 1075 1131.25 Profit at Q* 1700 1500 1625 1412.5 Tax Revenue Nil Nil 75 275 Consumer Surplus 450 800 450 756.25 Producer Surplus 1800 3200 1800 1512.5 Deadweight loss 150 Nil 150 125.95 Choose one type of regulation you analyzed and graphically illustrate the results.Don't use pen or paper A monopoly firm faces the following average revenue (demand) curve: P = 360 − 0.04Q where Q denotes the output and P is the price, measured in dollars The firm’s cost function is given by C = 60Q + 5000. Assume that the firm maximizes profits. The marginal cost (MC) of production is $60. question: Can you calculate the deadweight loss (i.e., the efficiency loss) generated in this monopoly market? Group of answer choices $281250 $150000 $252800 $210825
- The EPA’s requirement that cars include pollutioncontrol devices is an example of government deregulation.True_____ False_____A market has a demand function given by the equation Qd = 180-2p, and a supply function given by the equation Qs = 15 + p. The market is government-regulated with a price support per unit and production quotas. if the price is set at $72 per unit, what production quota is needed to make sure there are no shortages or surpluses? considering the price support and the quota calculate the consumer surplus the producer surplus deadweight17- Intellectual property law is a body of law that includes Group of answer choices the right of inventors to produce their inventions the right of inventors to sell their inventions trademark, patent and trade secret legislation copyright legislation, as well as all of the above
