A single-price monopolist is currently producing at an output level where marginal revenue is $14, marginal cost is $16, AVC=$13, and ATC=$15. It is assumed that the monopolist, as usual, chooses its price on the demand curve. To maximize profit or minimize losses in the short run, this monopolist should O A. decrease the price and increase the level of output. OB. increase the price and the level of output. OC. leave the market. O D. decrease the price and the level of output. O E. increase the price and decrease the level of output.

мсо 20 A profit-maximising firm produces homogenous (identical) units of output at a constant marginal cost and the units can be sold in two distinct market segments, which are segments A and B. On the assumption that the absolute value of the price elasticity of demand is lower in market segment A than it is in market segment B, if the firm decides to exercise price discrimination, we would expect to observe: A Ido not want to answer this question. В a higher price in market segment A to reflect the lower price elasticity the same price in both market segments since the marginal cost of production is the same for both markets and profits are maximised at MR = MC in both C markets D a higher price in market segment B to reflect the higher price elasticity E MR MC in market segment B because the higher elasticity allows a mark up of marginal revenue over marginal cost

If the monopolist shown in the following figure could practice first-degree price discrimination, the consumer surplus would be: Price (dollars) 50 40 30 20 10 0 O $450.00 $900.00 $0.00 $225.00 O $1,200.00 30 50 60 MR 100 MC Quantity

The quantity sold by a monopolist using first degree price discrimination is higher than the quantity sold by a monopolist who cannot price discriminate. O True O False

QUESTION 23 If the monopolist shown in the following figure could practice first-degree price discrimination, the producer surplus would be: Price (dollars) 50 40 30 20 10 $0. $225. $450. $900. O $1,200. 30 50 60 MR 100 MC Quantity

Question 30 Demand: P=120-Q Marginal Revenue: MR=120-2Q Total Cost: TC=Q² Marginal Cost: MC=2Q For this monopolist, the profit-maximizing price is and the profit-maximizing quantity is 90, 30 30, 90 40, 80 None of these answers O O O

If a monopolist faces an inverse demand curve, p(y) = 100-2y and has constant marginal costs of $32 and zero fixed costs and if this monopolist is able to practice perfect price discrimination, its total profits will be O a. $1,156. O b. $17. O c. $578. O d. $1,734. O e. $289.

Market Demand is given in the table below. By now, I should not have to say, only integer quantities are allowed when we have discrete data like this. The only producer in the market is a monopolist who can do perfect price discrimination. The fırm's constant Marginal Cost is $33. What is Producer Surplus? Enter a number only, no $ sign. MWTP $70 $58 $41 $24 1 13 234 5

If a monopolist can practice perfect price discrimination: D O profits will increase. producer surplus decreases. consumer surplus increases.

Exhibit 9-8 Profit maximizing for a monopolist Ps MC ATC P. Price, P3 costs, P2 and revenue P. (dollars) Ai MR Q, Quantity of output (units per time period) As shown in Exhibit 9-8, the monopolist's total cost is which of the following areas? O PIAEP5. O P2BDP4. O P3CDP5. O PĄDEP5. O None of these.