A monopoly is considering selling several units of a homogeneous product as a single package. Analysts at your firm have determined that a typical consumer's demand for the product is a 100-0.5P, and the marginal cost of production is $130. a. Determine the optimal number of units to put in a package. 17.5 units b. How much should the firm charge for this package? $ 165

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Which one of the following is the best description of a monopolist? a.a firm that is the sole producer of a product for which there are no good substitutes in a market with high barriers to entry b.a firm that is the sole producer of a narrowly defined product class, such as yellow, grade-A butter produced in Wisconsin c.a firm that is large relative to its competitors d.a firm that produces a single product

Show that a monopoly will not necessarily lower its price by the same percentage as its constant marginal cost drops: 1.) Use the point drawing tool to indicate the initial equilibrium price and quantity. Label this point 'E'. 2.) Use the line drawing tool to show a 50 percent decrease in marginal cost. Label this line 'MC₁'. 3.) Use the point drawing tool to indicate the new equilibrium price and quantity. Label this point 'E,'. Carefully follow the instructions above, and only draw the required objects. What is the percentage change in the price given a 50 percent decrease in marginal cost? The price decreased by percent. (round your answer to two decimal places) 50- 45- 40 35- 30- 25- 20-1 15- 10- 5 Price, P 10 20 30 -MC MR D 40 50 60 70 80 90 100 Quantity, Q

For the unregulated, single-price monopoly shown in the figure above, when its profit is maximized, output will be

Referring to the given graph of a monopoly firm, which statement states a correct outcome in case of single price for good is charged by a monopolist: D MR -MC-ATC D Quantity Area A represents the consumer surplus, Area C represents the producer surplus and deadweight loss is represented by area B+D+E. Area B represents the consumer surplus, Area C+D represents the producer surplus and deadweight loss is represented by area D+E. Area A+B represents the consumer surplus; Area C+D represents the producer surplus and deadweight loss is represented by area E. Area A+B represents the consumer surplus; Area C represents the producer surplus and deadweight loss is represented by area E+F.

Idaho Water Services is a natural monopoly. The graph shows the demand curve, the marginal revenue curve, the marginal cost curve and the average total cost curve for the firm. Price and cost (cents per gallon) 110- 100- 90- 80- 70- 60- 50- 40- 30- 20- 10- 0- 0 ATC MC MR D 20 40 60 80 100 120 140 160 180 200 Quantity (millions of gallons per month) Draw a shape that shows the consumer surplus. Label it CS. >>> Draw only the objects specified in the question. Draw a point to show the price and quantity when the monopoly is regulated in the social interest. Label it 1. Draw a point on the ATC curve that shows the average total cost when the firm is regulated in the social interest. Label it 2. Draw a shape that shows the firm's economic loss. Label it Loss.

The figure to the right shows the demand and cost curves facing a monopoly. In order t maximize its profit, the monopolist produces less units than the competitive market level of output. OA. 25 OB. 50 OC. 15 OD. 75 A D 400- 300- 200- 100- 0 25 D 75 50 MC - AC 100 Q

The demand curve for a monopolist is inelastic. Why?

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.)