For a monoply A)Plot Margin revenue, demand, marginal cost, to find profit-maximizing price and output. B) using 17/6 as the avg cost what is the profit for the monopolist
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For a monoply
A)Plot Margin revenue, demand, marginal cost, to find profit-maximizing price and output.
B) using 17/6 as the avg cost what is the profit for the monopolist
|
QD |
Demand |
Revenue |
Marginal Revenue |
Marginal Cost |
|
0 |
8 |
0 |
NA |
NA |
|
1 |
7 |
7 |
7 |
5 |
|
2 |
6 |
12 |
5 |
3 |
|
3 |
5 |
15 |
3 |
2 |
|
4 |
4 |
16 |
1 |
2 |
|
5 |
3 |
15 |
-1 |
3 |
|
6 |
2 |
12 |
-3 |
4 |
|
7 |
1 |
7 |
-5 |
7 |
Step by step
Solved in 3 steps with 1 images
- Multiple Choice pervey $10 for its product. $12 for its product $16 for its product. $8 for its product.Exercise A.6 A monopolist facing the demand curve Q = 42 – 0.6P operates with constant average and marginal costs equal to 20. a) Calculate the quantity, price and profit obtained by the monopolist. Represent graphically. (b) What quantity, what price and what benefit will you get if you can apply first-degree price discrimination? Calculate the consumer surplus and represent graphically. c) The monopolist warns that he can separate consumers into two distinct groups with demands Q1 = 12 - 0.1P1 and Q2 = 30 - 0.5P2. Calculate the quantities, the prices you will set in each market, and the profit you will make. Represent graphically.The diagram shows the equilibrium of a profit-maximising monopolist. Cost/revenue (£) Which area represents the supernormal profits made by the monopolist? OABQ MC ABDH AC ABFG B JCFG Al АВСЈ G AR MR Quantity (Q) O o o O O
- Draw the demand, marginal revenue, average total cost, and marginal cost curves for a monopolist.(a) Show the profit-maximizing level of output, the profit-maximizing price, and the amount of profit(b) Â Now assume marginal cost pricing is imposed. On the graph, shade the area repre- senting the profit or loss for the firm after marginal cost pricing is imposed.(c) Â Show the level of output that maximizes total surplus. Show the deadweight loss from the monopoly. 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.E4 How much extra profit does the monopolist earn when he increases the price from $12 to $18Exercise A.3 Compare the competitive equilibrium with that of the first-degree price discriminating monopolist. Indicate the similarities and differences that exist in prices, quantities produced, consumer surplus and loss of efficiency between both situations. Represent graphically assuming that the marginal cost is constant
- $30 MC ATC $20 $10 MR Demand 10 20 30 40 Quantity (in Thousands per Month) What is the maximum profit per month that the monopolist will be able to earn according to the graph? zero approximately $20,000 approximately $50,000 Oapproximately $100,000 PriceA)Use the following schedule for monopolist to create TR,MR and find estimation.include weather demand in elastic3. Consider a monopolist who faces the following demand: Demand: P= 100 – 10Q MC= 50+20 a) Find the price quantity combination that maximizes profit for the monopolist. b) Is the firm making positive, negative or zero profits? (100,100) Kareem chooses (60, 105) (500, 400) Saleem chooses Kareem chooses (50,420) 4. Calculate the SPNE/SPNES for the game stated above.
- Graph shows the cost and revenue information for Shitotsu the monopolist. What are the levels of price, output, total (sales) revenue. and total profits if the monopolist were to produce at the positions (a) through (d) indicated in table below? Costs and revenues 30 27 24 21 18 15 9 6 3 0 3 6 9 12 15 Quantity per period 18 21 MR D=AR MC ACGraph shows the cost and revenue Information for Shitotsu the monopolist. What are the levels of price, output, total (sales) revenue, and total profits if the monopolist were to produce at the positions (a) through (d) indicated in table below? Costs and revenues 40 36 32 28 24 20 16 12 8 4 0 5 10 15 20 25 30 35 Quantity per period a. Total revenue maximization b. Profit-maximization c. Socially optimum price d. Fair-return price MR D=AR MC AC Price ($) 16 G 15 141 Output 20 20 22.5 Total Revenue ($) 320 300 315 Total Profits ($) 120 180Please refer to th graph attached. The graph shows the Demand, Marginal Revenue, Average Total Cost, Average variable Costs and Marginal Cost curves for a monopolist. (a) What is the profit maximizing/ loss minimizing quantity of output and what is the maximum price the monopolist can charge? (b) Is this monopolist making economic profit or economic loss? How do you know? Explain please. (c) Calculate the firms profit or loss and show the economic profit/loss on the graph.