10 Assume quantity must be an integer. The monopolist incurs a fixed cost 2 per period. The per-perioddemand schedule facing the firm, as well as marginal cost as a function of per-period production, aregiven in the following table.demand schedule and marginal costs facing the monopolist42.5046.50MC(Q) 14.5021.5028.5057.5067.5082.5095.508.6.QP(Q)134.579078R6825947そ39そ27き16Assume the monopolist is a profit maximizer is constrained to charging the same price for all units, andits fixed costs are entirely sunk. How much surplus do consumers receive each period?Round to two decimal places and do not enter the currency symbol. If your answer is 1.125, enter1.13.

Consumer Surplus is defined as an economic measurement of the benefits of the consumers. It is a…

Assume quantity must be an integer. The monopolist incurs a fixed cost 2 per period. The per-period demand schedule facing the firm, as well as marginal cost as a function of per-period production, are given in the following table.

Assume quantity must be an integer. The monopolist incurs a fixed cost 2 per period. The per-period demand schedule facing the firm, as well as marginal cost as a function of per-period production, are given in the following table.

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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Question

Assume quantity must be an integer. The monopolist incurs a fixed cost 2 per period. The per-period
demand schedule facing the firm, as well as marginal cost as a function of per-period production, are
given in the following table.
demand schedule and marginal costs facing the monopolist
42.50
46.50
MC(Q) 14.50
21.50
28.50
57.50
67.50
82.50
95.50
8.
6.
Q
P(Q)
1
3
4.
5
790
78
R68
259
47
そ39
そ27
き16
Assume the monopolist is a profit maximizer is constrained to charging the same price for all units, and
its fixed costs are entirely sunk. How much surplus do consumers receive each period?
Round to two decimal places and do not enter the currency symbol. If your answer is 1.125, enter
1.13.

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