5. The demand equation of a monopoly firm is: P = 146 – 3Q²and the marginal cost is: MC = 4Q + 12, then find the total revenue and consumer's surplus.
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- Suppose the following table contains data of a Monopoly. Output Price (Tk.) Total Cost (Tk.) 0 14 2____________ 1 12 6____________ 2 10 8____________ 3 8 12___________ 4 6 20___________ 5 4 32___________ What is the profit maximizing quantity of this firm? What price the above firm chooses to sell its output?Please explain each step. A monopoly's inverse demand function is as follows: P = 1450 - 58Q. Its total cost function is as follows: TC= 2500 +50Q + 12Q^2. a. What is the profit maximizing output for this firm? b. What price will the firm charge? c. What will be the firm's total profit? d. What is the price elasticity of demand at the profit-maximizing output?4 The inverse demand curve a monopoly faces is p=120−Q. The firm's cost curve is C(Q)=20+5Q. Part 2 What is the profit-maximizing solution? The profit-maximizing quantity is 57.557.5. (Round your answer to two decimal places.) The profit-maximizing price is $62.562.5. (round your answer to two decimal places.) Part 3 What is the firm's economic profit? The firm earns a profit of $enter your response here. (round your answer to two decimal places.)
- Question 1: The following graph contains curves that are faced by a monopolist called SoftMicro. 16 MC 14 AC Im 11 10 9 MR 30 50 80 100 a) What is the profit-maximizing quantity and price for SoftMicro if it is a single-price monopoly? b) What is the monopolist's profit and consumer surplus in part (a)? Give me the letters of the shape of the surpluses. c) What is the price and quantity if the industry is perfectly competitive.A monopoly sellsits good in the United States, where the elasticity of demand is -2.5, and in Japan, where the elasticity of demand is -5.4. Its marginal cost is $50. At what price does the monopoly sell its good in each country if resales are impossible? The price in the United States is $ (Round your answer to the nearest peniny) The price in Japan is $ (Round your answer to the nearest penny)Refer to the graph below: Price and cost (dollars) 0 $ MR MC ATC AVC D 20 40 60 80 100 120 140 160 Quantity The figure shows the demand and cost curves facing a monopoly in the short run. The profit-maximizing level of output is...
- The inverse demand curve a monopoly faces is p = 130 - Q. The firm's cost curve is C(Q) = 10 +5Q. What is the profit-maximizing solution? The profit-maximizing quantity is 62.5. (Round your answer to two decimal places.) The profit-maximizing price is $ 67.5. (round your answer to two decimal places.) What is the firm's economic profit? The firm earns a profit of $. (round your answer to two decimal places.)Refer to the accompanying figure to answer the following questions.27. The revenue received by the profit-maximizing monopolist is ________.28. The deadweight loss associated with this profit-maximizing monopoly is equal to ________.29. The consumer surplus associated with the profit-maximizing monopoly is equal to ________.30. The consumer surplus that is transferred to the monopolist as a result of the monopolist takingover the market is ________. ( Please solve ASAP all the subparts 27 to 30 . I will definitely give you thumbs up. Thank you)12. A monopoly firm faces a market with the demand function: P = 30 - Q. The firm has the long-run marginal cost of TC= 2Q. What is the price and output for the monopoly to achieve its maximum profit?
- Which of the following, in your view, is the BEST example of a NATURAL monopoly. Note some of these may not even be natural monopolies :) Question 10 options: The delivery of electricity to homes The monopoly Microsoft holds in the operating system market The production of electricity delivering packages (UPS and similar companies)Is this a natural monopoly?Thinking about the analysis of profit maximising behaviour in a monopoly, which statement will be true? a) The firm makes its maximum profit where the marginal revenue curve intersects the marginal cost curve. b) The firm sets output so that its marginal cost of production equals the market price. c) When the firm maximises its profit, demand will be inelastic. d) The firm will choose a higher output, and set a lower price, than if it faced perfect competition.
