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- What is the usual shape of a total revenue curve for a monopolist? Why?Quantity of Output Total Cost Product Price 0 $250 $400 1 260 350 2 290 300 3 350 250 4 480 200 5 700 150 If the profit-maximizing pure monopolist whose information is in the accompanying table is able to price discriminate, charging each customer the price associated with each given level of output, how much profit will the firm earn? 300 250 200 150 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.If the demand of a Monopolist is as follows: Qd = 5500-12P And the TC function is equivalent to the following function: Total Cost = 8000 + Q2 a) Determine the level of production where profit is highest. b) Graph situation of the monopolist
- A monopolist has demand and cost curves given by: QD = 1000 - 2P TC = 5,000 + 50Q Find the monopolist's profit-maximizing quantity and price. Find the monopolist's profit.A monopolist sells 100 units at a price of $10 per unit. The average total cost per unit is $6 per unit. What is the monopolists profit? Question 8 options: a) $200 b) $300 c) $400 d) $500(a) A monopolist has discovered that the inverse demand function of a person with income Y for the monopolist’s product is P = 0.002Y-Q where P is the price, Y the income, and Q is the output. The monopolist can observe the incomes of its consumers and hence vary its price accordingly. The monopolist has a total cost function C(Q) = 100Q. Calculate the profit maximising price as a function of the consumer’s income Y carefully explaining all the steps in the derivation of the formula. (b) A monopolist has a constant marginal cost of £2 per unit and no fixed costs. He faces two separate markets in the United States and in the UK. The goods sold in one market are never resold in the other. He sets one price P1 for the US market and another price P2 for the UK market (both measured in £). The demand in the United States is given by Q1=7,000-700P1 and the demand in the UK is given by Q2=1,200-200P1. Calculate the profit maximising output produced and price charged in each country by the…
- A monopolist can sell 26,000 units at a price of $30 per unit. Lowering price by $1 raises the quantity demanded by 1,000 units. What is the change in total revenue resulting from this price change? a. $1,500 b. $5,500 c. $3,000 d. -$2,800Currently a monopolist's profit maximizing output is 400 units per week and it sells output at price of $60 per unit. The total cost of the form are $10,000 per week. The firm is maximizing it's profit and it earns $40 in extra revenue from the sale of the last unit.Only answer BOLD and ITALIC part of the question. A monopolist has discovered that the inverse demand function of a person with income Y for the monopolist’s product is P = 0.002Y-Q where P is the price, Y the income, and Q is the output. The monopolist can observe the incomes of its consumers and hence vary its price accordingly. The monopolist has a total cost function C(Q) = 100Q. A monopolist has a constant marginal cost of £2 per unit and no fixed costs. He faces two separate markets in the United States and in the UK. The goods sold in one market are never resold in the other. He sets one price P1 for the US market and another price P2 for the UK market (both measured in £). The demand in the United States is given by Q1=7,000-700P1 and the demand in the UK is given by Q2=1,200-200P2. - Calculate the profit maximising output produced and price charged in each country by the price-discriminating monopolist and comment in which country the price charged is higher and by how much.…
- 3. A monopolist is forced to lower its price in order to sell another unit of its product. This describes the problem of A-persistent economic profits B-market power C-diseconomies of scale D-economies of scale E-market discrimination 5. 5. (04.02 MC) The allocatively efficient quantity of product Z for the whole market is 2 million units. At that quantity, the demand for Z is at $5 and the average total cost for its single supplier is $7. The average total cost does not fall to $5 until 3.5 million units. Based on this data, the market for product Z is (2 points) A-perfectly competitive B-a natural monopoly C-a legal monopoly D-monopolistically competitive E-productively efficientA monopolist produces a product with price, quantity sold and marginal cost as shown in the table below. The fixed cost is $50. Price ($) Quantity Sold Marginal Cost ($) 100 1 20 90 2 30 80 3 40 70 4 50 60 5 60 (a) If the monopolist need to sell at a standard price, determine the optimal quantity, the price, and the profit of the monopolist. (b) If the monopolist can practice perfect price discrimination, determine the optimal quantity, the price and the profit of the monopolist.(1) A monopolist is forced to lower its price in order to sell another unit of its product. This describes the problem of A-persistent economic profits. B-market power. C-diseconomies of scale D-economies of scale. E-market discrimination (2)Koel is the single producer of home air conditioners in its rural market. The firm's monthly demand is described by the equation P = 5000 − 5Q, where P is the price and Q is the quantity of units sold. Which of the following must be true of Koel? A-An increase in price decreases the quantity sold. B-It is a natural monopoly. C-A decrease in price decreases the quantity sold. D-Higher levels of output bring in increasingly lower total revenue if demand is elastic. E-Maintaining the current price decreases the quantity sold over time. (3)Nori is a firm that sells products in an industry with a very high concentration of sellers. Nori's production decisions must consider its competitors' possible production decisions. In which market must…
