AmonoPoly is Charar tekized the average Cost Ac- 0/44 and the marginal COst MC = 0/2 Where 0 IT the 9uantitY Produced, the demand for the monoPoLY good 7s Cl= 10-P. Wheve P Ts Price the Pair of Oltimal uanETEY and Prce of the Profit MaximizLng meso Poly Is %3D
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A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: 450 so0 550 soo eso 700 750 000 De Refer to the Figure. If there are no fixed costs of production,…
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Q: Part a.
A: The demand curve, Q = 53 – P AC = MC = 5
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A: Answer is option (3).
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A: QA = 22.5 units QB = 5 units Profit = $905 ATC* = 31.14
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- Price L M N 0 K MC ATC MR F G Output The profit-maximizing firm will be earning total revenue of OFIN OFJM OFKL OGHMnave an equai numper or tnree types or customers, ana tnat tnese customers reservation prices are as IImustratea in tne figure peiow. Printer Bundle Laptop $850 $1,000 $600 Customer A $100 $150 $50 $950 $1,150 $650 Customer B Customer C Assume for simplicity the marginal cost of production for laptops and printers is zero. If the firm were to charge only individual prices (not use the bundle price), what prices should it set for its laptops and printers to maximize profit? Assuming for simplicity that the firm has only one customers of each type, how much does it earn in total? To maximize profit using individual prices, the firm should charge a price for laptops of p= 600 and a price for printers of p= 100 (Enter your responses as whole numbers.) In turn, profit is T= $ 2000|. (Enter your response as a whole number.) After conducting a costly study, an outside consultant claims that the company could make more money from its customers if it sold laptops and printers together as a…Help Seve E Sant When a ideo streaming company thooses a ubsenption scheme to pay for programming whict of the following statements tue 4 The outcome is socialy etticient fthe D The programs selected wil maumze advertising revenue The e The marginal cost to an addnional viewer of wetching the progrem is ower hen when advensng s ed to hrance programming Tr e The outcome is ateays more sociaty emcient than when advertising s used to finance programming The venety of programs provided s tely to ime tr
- Answer both please otherwise we will give dounvoteA publisher faces the following demand schedule for the next novel from one of its popular authors:Price Quantity Demanded100 090 100,00080 200,00070 300,00060 400,00050 500,00040 600,000 530 700,00020 800,00010 900,0000 1,000,000The author is paid $2 million to write the book, and the marginal cost of publishing the book is aconstant $30 per book.a. Compute total revenue, total cost, and profit at each quantity. What quantity would a profitmaximizing publisher choose? What price would it charge? b. Compute marginal revenue. (Recall that MR=∆TR/∆Q.) How does marginal revenue compare tothe price? Explain. c. Graph the marginal-revenue, marginal-cost, and demand curves. At what quantity do themarginal-revenue and marginal-cost curves cross? What does this signify? d. In your graph, shade in the deadweight loss. Explain in words what this means. e. If the author was paid $3 million instead of $2 million to write the book, how would this affectthe publisher’s decision regarding the price…Consi der Hhe fallowing » The inverse femand function is givan by p= 30-@ Cournet medel. where Q = E,+ * Firm 13 marginal cost is $6lei=6). Fivm 2 uses a nem techaulagy There is no that it's marginal cost is $3 (6=3). fixed cort So The fwo fims chooce thair and Compete only Jame). Answer the follming puestions. O Derive Firm 1 amd Firm 2% vation furtions reupertivaly. o Solve Hhe Harh equilibrium ( ", q") O What is He equilibrinm level for eah firm. quenti tias simultaneculy (So it's a one- shot simultaneaus once price and what is Hhe profit Suppore there is Iim 2. Wlhat is the highert price that Firm I is willing to paj for this new o Mow let's chauge the setup from Coumet campetition to Bertrand Competitin, while maintaining all efther aJAump tins. What is He equilibium price? O Suppon the fwe finms engage in Betrand (ompetition What is the hijhut price that Fim 1 o milling for He new feihnly? * market for the teihue lagy uped by to
- The diagram bow depts the demand curve (D), the marginal revenue curve (MRO), the marginal cost curve (MC), the average variable cost con (C) and the (ATC) for a monopoly producing a good named ALPHA2 Based upon the information shown on the graphs, determine the maximum profits of the moneonly knowing that the seat value of Xie 35 247 15 Price 10 54 25 204 40 60 sst 50+ 45 30 x+ MC ATC AVC MR 50 60 70 80 90 100 110 120 130 140 150 160 1704. Elasticity and total revenue The following graph shows the daily demand curve for bippitybops in Denver. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. 120 110 100 Total Revenue 90 B0 70 50 40 30 20 10 Demand 10 20 30 40 50 70 90 100 110 120 QUANTITY (Bippitybops) PRICE (Dollars per bippitybop)Is a monopolistically competitive firm productively efficient? Is it allocatively efficient? Why or why not?
- If the transit system were regulated to provide the most allocatively efficient quantity of output, what output would it supply and what price would it charge? What subsidy would be IIECESSEIIY to insure this efficient provision of transit services?Please explain in detail asap..tysmం వయడు Firms in Marçaa cost =o for Goth • FicmsAroduce Fir Twe firms 20 bertrand compotition for both diffrencided poduts, oms Sunction have the fallowing inverse denand शि= | -01- 203 pz=1-92-5 a Defue repried 6 Denve Rertrand equilbba Bertrand reaction functio) and diagremadticalde 5) madirall Deుల and equilubi gauntitier,pricer Arofits.