[Q: 11-9520945] Suppose a single-price monopolist faces an inverse demand curve given as P(Q)=110-6Q and has a cost function given as C(Q)=8Q+28. Profit maximization is achieved when the monopolist sets its price equal to OA. 8 000 B. 33.5 C. 59 OD. 84.5
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![[Q: 11-9520945] Suppose a single-price monopolist faces an inverse demand curve given as P(Q)=110-6Q and has a
cost function given as C(Q)=8Q+28. Profit maximization is achieved when the monopolist sets its price equal to
OA. 8
B. 33.5
C. 59
D. 84.5
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- 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. $758.40Suppose that a monopolist, who sells all units at a uniform price, faces an inverse market demand curve P=200- 4Q. If there is no cost of production, what output would the firm produce to maximize profit, what price would the firm charge, and what profit would the firm earn? Give the numerical value of these three variablesAssume 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?
- Suppose a discriminating monopolist is selling a product in four separate markets in which demand functions are: Q1 = 300 – P1; Q2 = 200 – 0.5 P2; Q3 = 150 – 0.4P3 and Q4 = 75 – 0.25P4. Assume further that the total cost of the firm is given as TC = 65,000 – 100Q. As an economic adviser you are required to determine: The prices to be charged in the four markets and the amount of output to be sold in each market so that total profits can be maximized. Calculate the total profit to be made from the strategy of price discrimination. Explain what would have happened if this monopolist did not implement this strategy of price discrimination. Elasticities in each market and comment.A monopolist's demand function is P = 1624 - 4Q, and its total cost function is TC = 22,000 + 24Q -4Q2 + 1/3 Q3, where Q is output produced and sold. At what level of output and sales (Q) and price (P) will total profits be maximized? At what level of output and sales (Q) and price (P) will total revenue be maximized? At what price (P) should the monopolist shut down?Assume that a monopolist faces a demand curve for its product given by: p=130−3q Further assume that the firm's cost function is: TC=490+10q What is the profit for the firm at the optimal quantity and price?
- Consider a situation where a monopolist faces the following inverse demand curve p = 240 - 2q and constant marginal costs of MC = 40. 1. What are the equilibrium price, quantity, and profits for this monopolist?Suppose that the monopolist from Question 4 is now forced to charge the same price in both markets. Using thedemand functions and cost function from Question 4, what is the total inverse demand in this case? What is theprofit-maximizing price? What is the monopolist’s profit? (Question 4 = A monopolist is operating in two separate markets. The inverse demand functions for the two markets are P1 = 35 – 2.5Q_1 and P2 = 30 – 2Q_2. The monopolist’s total cost function is TC(Q) = 8 + 5(Q_1 + Q_2). Q_1 means Q subscript 1Suppose a discriminating monopolist is selling a product in four separate markets in which demand functions are: Q1 = 300 – P1; Q2 = 200 – 0.5 P2; Q3 = 150 – 0.4P3 and Q4 = 75 – 0.25P4. Assume further that the total cost of the firm is given as TC = 61,000 – 100Q. As an economic adviser you are required to determine: The prices to be charged in the fourmarkets and the amount of output to be sold in each market so that total profits can be maximized. Calculate the total profit to be made from the strategy of price discrimination. Explain what would have happened if this monopolist did not implement this strategy of price discrimination. Elasticities in each market and comment.
- Figure 15-3 above shows the demand and cost curves facing a monopolist.Refer to Figure 15-3. Suppose the monopolist represented in the diagram above produces positive output. What is the price charged at the profit-maximizing/loss-minimizing output level? $75 $38 $68 $54Consider any market that has an inverted demand curve given by P = 200-0.6Qd, where P is the market price and Qd is the quantity demanded. Whatever the market structure, it is known that the production of this good takes place through Cmg = CVme= $8.00. Consider that the production of this market can be done by a monopolist company or by two duopolists. If it is a duopoly, the companies will organize themselves as a Stackelberg duopoly and will each have a fixed cost of $3,000.00. If it is a monopoly, this company will have a lot of expenses with licenses with the government, as it is the only one to explore the resource. In this way, your fixed costs would reach $15,000.00. Given this information, evaluate the best balance for this market, from the point of view of consumers.9-6 Explain why a firm with market power might decide to charge different groups different prices8. (Conditions for Price Discrimination) List three conditions that must be met for a monopolist to price discriminate successfully.
