In the figure below, the competitive price will be, lower than the monopolistic price, and the monopolist causes a loss in social welfare. 100 80 MC 60 40 20 MR Price and coste (cents per bottle]

The Mamas and the Papas, a monopolist, faces a constant marginal cost of $3 of producing cashews. If it believes the elasticity of demand for cashews is -4, calculate the price it should charge for its product.    Write answer explicitly

Suppose you are a monopolist and you have two customers, A and B. Each will buy either zero or one unit of the good you produce. A is willing to pay up to $35 for your product; B is willing to pay up to $10. You produce this good at a constant average and marginal cost of $8. If you could not engage in third-degree price discrimination, what price would you charge? OA $10. OB. $15. OC. $35. OD. $45. If you could practice third-degree price discrimination, you will earn a profit of $ (For simplicity, assume that if a consumer is indifferent between buying and not buying, he will buy.) Click to select your answer(s)

The figure at right shows the demand line, marginal revenue line, and cost curves for a single-price monopolist. Now suppose the monopolist is able to charge a different price on each different unit sold. The profit-maximizing quantity for the monopolist is whole number.) (Round your response to the nearest D Price ($) 1000- 900- 800- 700- 600- 500- 400- 300- 200- 100- 0- 0 MC ATC D MR 50 100 150 200 250 300 350 400 450 500 Quantity 17

he following table shows a monopolist’s demand curve and cost information for the production of its good. What quantity will it produce and sell to maximize profits? Quantity Price per Unit Total Cost 10 $14 $20 20 $12 $60 30 $10 $120 40 $8 $200 50 $6 $300 60 $2 $420

The diagram at right shows the demand curve, marginal revenue curve, and cost curves for a single-price monopolist that owns the only golf courses on Eagle Island. The monopolist's product is 18-hole golf games. a. Now suppose the monopolist is able to charge a different price on each different unit sold. What would be the total number of rounds of golf sold per week? rounds. (Round your response to the The total number of rounds sold per week is 600 nearest whole number) What would be the price on the last round sold? The price on the last round sold is $200 (Round your response to the nearest dollar) b. What is the value of the consumer surplus if the monopolist cannot price discriminate at all? The value of the consumer surplus is $ 40000 (Round your response to the nearest dollar) c. What is the value of the consumer surplus when the monopolist is practicing this "perfect price discrimination? The value of the consumer surplus is $ (Round your response to the nearest dollar) Price…

It is possible for a monopolist's to earn economic profits even in the long run due to:    a. its barriers to the entry of other firms. b.  the nature of the monopolist's product. c. its practice of third-degree price discrimination.

Use the graph below to find the monopolists equilibrium quantity and price. 40 26.67 MC ATC 20 13.33 33.33 66.67 100 50 MR Textbools per week What is this monopolists profit maximizing quantity? Simply select the correct quantity from the dropdown box. I Select] What price will the monopolist charge to maximize profits? Simply select the correct number from the dropdown box. [Select ]

If the monopolist is incurring a short run economic loss, what are some options the monopolist has?

a.   At what output rate and price does the monopolist operate?         b.   In equilibrium, approximately what is the firm’s total cost and total revenue?         c.   What is the firm’s economic profit or loss in equilibrium?