Suppose that the monopolist can produce with total cost: TC = 10Q. Assume that the monopolist sells itsgoods in two different markets separated by some distance. The demand curves in the first market and thesecond market are given by Q1 =product from cheaper location to a more expensive location at a mailing cost $24. What would be themonopolist profit?120 - 4P, and Q2 = 240 – 2P2. Suppose that consumers can mail the$5862$5384$6116$4832

TC =10Q MC = dTC/dQ MC = 10 Q1 = 120-4P1 P1 = 30 - 0.25Q1 Q2 = 240-2P2 P2 = 120 - 0.5Q2 Mail…

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 Q, = 120-4P, and Q2 = 240 - 2P2. Suppose that consumers can mail the product from cheaper location to a more expensive location at a mailing cost $24. What would be the monopolist profit? %3D $5862 $5384 $6116 $4832

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 Q, = 120-4P, and Q2 = 240 - 2P2. Suppose that consumers can mail the product from cheaper location to a more expensive location at a mailing cost $24. What would be the monopolist profit? %3D $5862 $5384 $6116 $4832

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter8: Monopoly

Section: Chapter Questions

Problem 7SQP

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Question

100%

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 =
product from cheaper location to a more expensive location at a mailing cost $24. What would be the
monopolist profit?
120 - 4P, and Q2 = 240 – 2P2. Suppose that consumers can mail the
$5862
$5384
$6116
$4832

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