Q: For the Monopolist, Demand is given by, P = 120 - 5Q Total Cost = 480 +20Q What is the profit…
A: Answer: Given, Demand function: P = 120 - 5Q Total cost function: TC = 480 + 20Q The monopolist firm…
Q: 1) A monopolist faces a demand curve Q = 600 – 10P and has the total cost curve TC(Q) = 200 + 20Q +…
A: Q = 600 - 10P P = 60 - Q/10 TC = 200 + 20Q + 2Q2
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A: (Q)A monopolist has a demand curve given by Q=100-P and a total cost curve given by TC= Q2 + 16.…
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A: Introduction:
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A: Monopolist's demand curve; P = 210 - 4Q Marginal cost, MC = 40 Profit maximizing codition; MR = MC
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A: P=100-10Q TR=PQ TR=100Q-10Q2 MR=dTR/dQ MR=100-20Q MC=10+Q
Q: he following table shows demand and marginal cost for a monopolist. Calculate marginal revenue (MR)…
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A: Hi, you have posted a question with multiple sub parts. Since you have not provided options for the…
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A: A monopolist is a single seller. He is the price maker.
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Q: The demand curve for the monopolist's product is the market demand curve is this true or false
A: True.
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A: We can define the super normal profit as the area above the normal profit.
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A: A monopolist maximized profit where MR=MC. MR = dTR/dQ TR = Price*Quantity MC = dTC/dQ
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- Imagine that you ale managing a small firm and thinking about entering the market of a monopolist. The monopolist is currently charging a high price, and you have calculated that you can make a nice profit charging 10 less than the monopolist. Before you go ahead and challenge the monopolist, what possibility should you consider for how the monopolist might react?Is a monopolist allocatively efficient? Why or why not?MonopolistRefer to the table. What is the monopolist's profit-maximizing level of output? 6 4 5 3
- E4 How much extra profit does the monopolist earn when he increases the price from $12 to $18A monopolist faces a demand curve given by q = 32 − 0.5p. Its costs are given by 0.5q2 + 100. (a) What is the monopolist’s profit maximizing choice of output? At what price does it sell its product? (b) Draw a graph that illustrates the monopolist’s choices. (c) If this were a competitive market, what would be the equilibrium price and quan- tity? (d) If the monopolist were forced to sell its output at the price that would arise in the competitive market, would it still be able to make a profit?46. If a monopolist sells 100 units at $9 per unit and realizes an average total cost of $8 per unit, what is the monopolist's profit? Group of answer choices $200 $50 $900 $100
- A monopolist facing a demand p = 1000 -10Q has costs TC(Q) = 5Q2 + 100Q(a) Calculate the monopolist’s profit maximizing quantity and price and the induced inefficiency (DWL)? (b) Suppose, on top of the costs above, the firm now also pays;(i) A flat fee of 1000 dollars, or (ii) half of the profits, or (iii) 150 dollars per unit sold, or (iv) half of the revenues.If the monopolist is unregulated, what will be the profit? a. $30 b. $10 c. $15 d. $20When a monopolist sells two units of output its total revenue is R600. When aa monopolist sells three units of output its total revenue is R690. To sell three units od output instead of only two, what must the monopolist do?
- Refer to the above data. The monopolist will realize aA telephone company has isolated three distinct demands for its services:Weekdays: Q1=90-0.5P1Holidays: Q2=35-0.25P2Nights: Q3=30-0.2P3TC=25+20Q WHERE Q=Q1+Q2+Q3Show that as a discriminatory monopolist this company will maximize profits by charging the highest price in the market where the price elasticity of demand is lowest, by finding a) the profit maximizing level of outputb)the profit maximizing price and c) the price elasticity of demand in each marketUse Cramer's rule for solving simultaneous equations and the Hessian for the second order conditionsThis monopolist will charge a price (of) A. $2. B. $4. C. $6. D. that is greater than its marginal cost. E. both (C) and (D).