Quantity 1 2 3 t 5 1 unit. O2 units. Using the profit maximization rule, a monopolist will produce 3 units. Price $200 $187.5 $150 $125 $100 4 units. Total Cost $900 $1,075 $1,200 $1,500 $2,900
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- Assume a single-price monopolist has an inverse market demand curve given by P(Q)=300-0.5Q, and has a cost curve: C(Q)=125+20Q+0.5Q2. We already know that Monopolist will provide 140 units, Economic profit is 19475, and Economic Rent is 190. If the impact of a 35% ad valorem tax imposed on the consumers in the market. Then: Q1: What is the equilibrium quantity will be sold in the after-tax equilibrium? Q2: What are the economic rents of the monopolist?Q11 Price Number of Ounces of Marijuana Sold $20 3 18 5 16 7 14 10 12 15 10 30 The table shows the demand schedule facing Cresco Labs, which we will assume is a monopolist selling marijuana. If Cresco Labs had no production costs, what price would it charge to maximize profits? Multiple Choice $12 $20 $16 $10 $15.Q15 Assume that Bandai Namco is a monopolist that can sell 10 units of toy output at $5 per unit and 11 units at $4.80 per unit. For Bandai Namco to profitably produce and sell the eleventh unit of output, its marginal cost must be anywhere at or below Multiple Choice $36. $3.20. $5. $2.80. $4.80.
- A monopolist book publisher with a constant marginal cost of 2 and no fixed costs sells novels in only two countries. Assume the inverse demand curve in country 1 is given by P1=10-2/3q and the inverse demand curve in country 2 is given by P2=18-qIf book imports are permitted in both countries so that price discrimination is impossible, what is the equilibrium price and quantity sold in the two countries combined? (Incomplete)Quantity(units) Price(dollars per unit) 1 8 2 7 3 6 4 5 5 4 6 3 The table above gives the demand for a monopolist's output. What is the total revenue in when 3 units of output are produced? Group of answer choices $21 $20 $18 $6Eyeglasslux is a single-price monopolist in the eye-glass frame market. It faces a Market demand given by Q=421-2P. Its Total Cost function is TC=5,844+23Q and Marginal Cost is MC=23. If the government imposes a price ceiling of $35, what is the monopolist's PROFITS in the SHORT-run? Enter a number only, drop the $ sign.
- Q45 Assume that Bandai Namco is monopolist that can sell 11 units of its toy output at $13 per unit and 12 units at $12.40 per unit. For Bandai Namco to profitably produce and sell the twelfth unit of output, its marginal cost must be anywhere at or below Multiple Choice $13. $18. $12.40. $5.80. $8.20.A monopolist book publisher with a constant marginal cost of 2 and no fixed costs sells novels in only two countries. Assume the inverse demand curve in country 1 is given by P1=10-2/3Qand the inverse demand curve in country 2 is given byPW=18-QAssuming book shipments across countries are banned so that price discrimination occurs. What is the equilibrium price and quantity of books sold by the monopolist in country 1?Options are: a)p=1, q=16b) p=1 q=12c) p=4, q=8d)p=6, q=6Continuing to assume price discrimination, what is the equilibrium price and quantity of books sold by the monopolist in country 2?a)p= 4,q=14b)p= 6,q=12c)p= 8,q=10d)p= 10,q=8If book imports are permitted in both countries so that price discrimination is impossible, what is the equilibrium price and quantity sold in the two countries combined?a)p=6,q=20b)p=7,q=20c)p=10,q=8d)p=12,q=6Eyeglasslux is a single-price monopolist in the eye-glass frame market. It faces a Market demand given by Q=118-5P. Its only cost is a Marginal Cost of MC=Q. If the monopolist behaved like a perfectly competitive firm, what would the perfectly competitive market price be?
- Q22 Suppose that Aurora Cannabis is a monopolist that can sell 47 units of output at $16 per unit and 48 units at $15.80 per unit. The marginal revenue of the 48th unit of output is Multiple Choice $0.20. $6.40. $54. $15.80. $758.40Exhibit 9-4: A Monopoly Quantity Total Fixed Total Variable Price Demanded Cost Cost $100 0 $30 $0 90 1 $30 20 80 2 $30 48 70 3 $30 78 60 4 $30 110 50 5 $30 150 Refer to Exhibit 9-4. At an output level of 5 units, the monopolist earns a total profit of about ________. Group of answer choices $100.00 $70.00 $102.00 $82.00Once a monopolist has determined its profit-maximizing (equilibrium) quantity of output, QM, which condition does it use to set the price? Question 9Answer a. None of the other options are correct b. Price = Demand at QM c. Price = Average Cost at QM d. Price = Marginal Cost at QM
