malopre Adempismo UCS TIG wells. This is atempt number 1. Force Completion This test can be saved and resumed later. Your answers are saved automatically. Question Completion Status: QUESTION 1 If the demand equation for a firm's product is equal to P = 10-Q, the marginal revenue MR is Ⓒ5-20 O10-40 Ⓒ10-Q Ⓒ10-20 QUESTION 2 "If a firm faces a demand curve of P = 2,000-Q and marginal costs of MC = 2Q, then the firm's profit maximizing quantity will be:" $100 16 $200 $500 Ⓒ$600

Suppose demand for a monopolys product falls 50 that its profit-maximizing price is below average variable cost. How much output should the film supply? Hint: Draw the graph.

COURSE: MICROECONOMICS - PERFECT COMPETITION AND MONOPOLY (RESUBMITION QUESTION) We appreciate a perfect competition market where there is a predetermined limit number of firms with 20 total firms.Each has the cost function such that: CTi = qi2 + 4qi + 3 where qi indicates numbers of firms (i = 20) The demand in the market is: Q = 100 - 4pa) What is the individual supply of each firm?b) What is the supply of the whole industry?c) Obtain the market equilibriumIn the case where a new firm intended to enter a monopolist's market:(a) What kind of legitimate entry barriers can the firm face understanding the nature of the market it wishes to enter?b) What type of anticompetitive barriers could the firm already in the market present?

Suppose a firm faces the demand curve P = 100 – Q, while its costs are given by TC = 100 + 10Q, so MC = 10.   Find the profit maximizing price and quantity for this firm, if it can only charge one price. Calculate the firm’s profit.   Make a diagram, and illustrate consumer surplus, producer surplus, and deadweight loss, if any.   Does this analysis suggest any problems with this situation from a public policy standpoint? Does the analysis suggest any unexploited business opportunities? 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.

a. A firm faces the following average revenue (demand) curve:P = 120 − 0.02Qwhere Q is weekly production and P is price, measured in cents per unit. The firm’s cost function is given by C = 60Q + 25,000. Assume that the firm maximizes profits. i. What is the level of production, price, and total profit per week?ii. If the government decides to levy a tax of 14 cents per unit on this product, what will be the new level of production, price, and profit?

Sid is the CEO of a local power plant operating in monopoly market structure. Explain why the demand curve (P) here is larger than the MR, and why Sid won’t produce on the inelastic portion of demand curve. Draw a graph comparing Sid’s market structure with a market in perfect competition (on the same graph). Be sure to label the components of deadweight loss. On a separate graph, show the case where the monopoly is making a positive profit and label the profit area.

1. Demand and Costs. Assume you are faced with the following demand curve,P = 20-0.5QWhere P is the dollar price per unit and Q is the number of units sold per month, and Q must be2 or more.a. Write the expression (definition) for this firm’s Total Revenue (TR)b. Write the expression for this firm’s marginal revenue (MR).c. What is Q when the P is zero?d. What is P when the Q is zero?e. Profit maximization occurs where MR=MC. If MC=$10 what is the profit maximizing levelof Q and P?f. As a business owner, you are thinking about lowering the price of this product. If youlower the price by 10% from your answer in e., will your TR rise or fall?

A drug company introduces a drug which is protected by a patent. Therefore,it is a monopoly in that specific market. Suppose that inverse demand for the drug isgiven by P(y) = 100 − y/2. And cost function is C(y) = y2 + 10y + 100.a. What is the profit maximizing output and price?b.  Calculate the profit, consumer’s surplus, producer’s surplus and thedeadweight loss.Suppose that the patent expires and the market becomes perfectly competitive.c.  Find the profit maximizing output and price. And compare your answer with(a).d.  Calculate the profit, consumer’s surplus, producer’s surplus and thedeadweight loss. And compare your answer with (b).

1. Sid is the CEO of a local power plant operating in monopoly market structure. a. Explain why the demand curve (P) here is larger than the MR, and why Sid won’t produce on the inelastic portion of demand curve. b. Draw a graph comparing Sid’s market structure with a market in perfect competition (on the same graph). Be sure to label the components of deadweight loss. c. On a separate graph, show the case where the monopoly is making a positive profit and label the profit area.

A risk-neutral monopoly must set output before it knows the market price. There is a 50 percent chance thefirm's demand curve will be P = 20 − Q and a 50 percent chance it will be P = 40 − Q. The marginal cost of thefirm is MC = Q. What is the expression for the expected marginal revenue function? 7) _______A) E(MR) = 50 − 2Q B) E(MR) = 40 − 2QC) E(MR) = 20 − 2Q D) E(MR) = 30 − 2Q