Quantity Demanded Price $8 $7 $6 $5 8 $4 9 $3 10 $2 11 TABLE 10- 1 Refer to Table 10 - 1. For a single - price monopolist, the marginal revenue associated with increasing sales from 6 to 7 units is O A. - 4. O B. 4. О с. 2. O D. -2. OE. 0.
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- Bonus: A monopolist sells output at zero cost to two types of consumers, H and L, whoseinverse demand curves are given by Ph=45-5q and pl=30-5q. Derive and discuss the optimalsecond-degree price discriminating equilibrium. And calculate the consumer surplus for high demanded package only! Note that the monopolist cannot identify individual types, but he knows that there are two types exist.6. At its present output a monopolist determines that its marginal revenue is P3 and its marginal cost is P4.50. The monopolist will increase its profits by: a. reducing output and raising price b. increasing both price and output c. reducing both output and price d. raising price while keeping output unchanged16 Suppose a monopoly firm produces bicycles and can sell 10 bicycles per month at a price of $600 per bicycle. In order to increase sales by one bicycle per month, the monopolist must lower the price of its bicycles by $50 to $550 per bicycle. The marginal revenue of the 11th bicycle is Ic raw Multiple Choice $50 $-50. $6,050. $50. Note:- Please refrain from offering handwritten solutions. Please ensure that your response maintains accuracy and quality to avoid receiving a downvote. Take care of plagiarism. Answer completely. You will get up vote for sure.
- There is a monopolist,ConcreteMex,in the concretemarketin Mexico. The demand function is QD= 100–50p. The marginal cost of production isc=0.4. (referencing) Question 1.3 ConcreteMex claimed the high price is due to high transportation costs and persuaded the government to help cut down the costs. As a result, for every unit of concrete sold, the government subsidizes ConcreteMex 0.2dollars. What are the new profit-maximizing price and production levels for ConcreteMex? Under the subsidy policy and the new price in Question 1.3, calculate the consumer surplus, producer surplus, and deadweight loss. You do not need to consider government spending for the deadweight loss.Give typing answer with explanation and conclusion C. True or False; Please explain 2. IEPR applies to any firm facing a downward-sloping demand curve for its products, not just a monopolist.Question 38 (1 point) ✓ Saved A monopolist faces market demand given by P= 100-3Q. For this market, MR=100-5Q and MC-25. What price will the monopolist charge in order to maximize profits? $12.50 $84.50 Another value (not listed) O $25.00 $45.00
- Consider a monopolist with demand ?? = 90 − 3? and marginal cost MC=20. Determine profit, consumer surplus, and welfare in the following cases: (a) single-price monopolist; (b) perfect price discrimination; (c) intertemporal price discrimination whereby in period 1 the monopolist sets price ?1 and whoever buys leaves the market, then in period 2 the monopolist sets price ?2 for whoever remains in the marketQ)Economics A market comprises two consumers groups: high-demand types and low-demand types. The high types have demand QH = 10 – P and low types have demand QL = 8 – P. If a monopolist has marginal cost MC = 1 + Q, what is the profit maximising price the monopolist would charge if they are not able to price discriminate? a. 5 b. 6 c. 4 d. 7Price =120-Q^2 Total cost = 30Q Find: 1- consumer surplus 2- profit 3- total social welfare 4- deadweight loss In both perfect competition and pure monopoly
- (Figure: The Environmental Monopolist II) Use Figure: The Environmental Monopolist II. If this monopolist perfectly price-discriminates, then it will produce _____ units. This will lead to producer surplus equal to _____, consumer surplus equal to _____, and a deadweight loss equal to _____. O. $35; $1,225; $612.50; $612.50 O. $70; $2,450; $0; $0 O. $50; $1,225; $0; $0 O. $100; $1,500; $612.50; $612.50A. Calculate the Price and Quantity if the Monopolist Maximized their profit and sells in both markets? B. Calculate the Profit if he Monopolist Maximized their profit and sells in both markets? C. In the absence of 3rd Degree Price Discrimination and the firm must sell at the same price in both markets, what is the price, quantity and total profitE4 Suppose that the monopolist can produce with total cost: TC = 10Q. Assume that the monopolist sells its goods in two different markets separated by some distance. The demand curves in the first market and the second market are given by Q1 = 120 - 4P1, and Q2. = 240 - 2P2. Suppose that consumers can mail the product from cheaper location to a more expensive location freely (mailing cost $0). What would be the monopolist profit? 3750,3500,5250,4000.