You are a CEO of a firm that is a natural monopoly in the electric supply sector with costs and demand as shown in the figure below. P (s per kilowatt hour) 0.20 0.18 0.16 0.14 0.12 0.10 LRMC 0.08 0.06 0.04 LRAC D
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- 400.00 300.00 200.00 100.00 0.00 2.5 -100.00 -200.00 -300.00 -E(ys)E(YR) -E(NS) E(NR) E(YS) 100-100i E(YR)=100-50i E(IIS) -20 +100i E(IIR)= -70 +50i Assuming we are under monopoly and asymmetric information, what is the highest interest for which both types (safe and risky) stay in the market? Oi-2 Oi-0.5 O i-1 Oi-3 0 Objective functions 0.5 3.52:03 D 19 ll 37% Marked out of 30 P Flag question Suppose you are a manager of a County government project that is meant to provide rent-regulated housing units in low-income settlements. Using your knowledge of equilibrium, advice the Governor whether this policy will be a а. success. A Monopolist producing and supplying cooking gas to Mombasa city faces the demand b. function. = 8800 – 20P. Its cost function is given by TC = 20Q + 0.05Qʻ. Determine the quantity of cooking gas she will produce and the price she will charge to maximize profits and determine her profit. i. i. Explain how her profits she will affected if regulators forced her to operate like a perfectly competitive firm. ii. Illustrate and compute dead-weight loss and lost consumer surplus associated with her Monopoly operations. B I II II !!!Study the diagram below, in which the monopoly depicted is maximising profit and answer the question What is the total profit?a) R3b) R4c) R6d) R9
- Explain how you would design an internal control system for Safaricom ltd using the COSOassume that a firm has a monopoly power in the product market and faces perfect competition in the factor market. if the price elasticity of demand for the product of the firm is -4 and the VMPL is 40, then, the MRPL is?Problem 11-01 (algo) Based on the best available econometric estimates, the market elasticity of demand for your firm's product is -1.5. The marginal cost of producing the product is constant at $150, while average total cost at current production levels is $215. Determine your optimal per unit price if: Instructions: Enter your responses rounded to two decimal places. a. you are a monopolist. 450 b. you compete against one other firm in a Cournot oligopoly. LA $ 225 c. you compete against 19 other firms in a Cournot oligopoly. $ 145 x www Next >
- (units) Price per Unit Quantity Demanded Total Cost of Production (dollars) $85 10 $530 80 11 540 75 12 550 70 13 560 65 14 575 60 15 595 55 16 625 A monopoly producer of foreign language translation software faces a demand and cost structure as given in the table. What is the firm's profit-maximizing output and what is the price charged to sell this output? [HINT: Find TR, MR and MC then use the profit maximizing condition] = OA. P $80; Q = 11 = B. P $70; Q 13 C. P $85; Q = 10 O D. P= $65; Q = 14(Market Power) In a monopoly market, the demand function is Q = 200 - P/3, while the total cost function is C = 285 + 20Q. 4c. Calculate the balance of P, Q, and Profit. 4d. Calculate the market power (Lerner Index) of the company. Thank you for the help Bartleby!explain the most likely reason that sydney water management has a monopoly
- Demand for the latest best-seller at OHaganBooks.com, A River Burns Through It, is given by q =-3p +55 copies sold per week when the price is dollars. Find the revenue function and use it to determine what price the company should charge to obtain the maximum revenue? Round to two decimal places as needed.PRICE (Dollars per gigabyte of data) 20 18 16 14 0 0 2 MR 5 QUANTITY (Gigabytes of data) 6 O True False 8 ATC MC 9 10 D + Which of the following statements are true about this natural monopoly? Check all that apply. Monopoly Outcome It is more efficient on the cost side for one producer to exist in this market rather than a large number of producers. The 5G LTE company is experiencing diseconomies of scale. The 5G LTE company is experiencing economies of scale. In order for a monopoly to exist in this case, the government must have intervened and created it. True or False: Without government regulation, natural monopolies never earn zero profit in the long run.Explain how the implementation of regulations on natural monopoly firm that provide electrical services in Malaysia is carried out.