How much extra profit does the monopolist earn when he increases the price from $12 to $18

The accompanying graph represents a hypothetica natural Natural Monopoly monopoly 10 a. Place point A at the price and quantity where the firm will maximize profits. b. Place point B at the point of cost-plus regulation when the 7 firm makes no profit. мс| c. What price would the monopolist set without any market intervention? Round to the nearest dollar. ATC S MR d. At this price, how much profit would the monopolist make? Round to the nearest dollar. 2 4 6 8 10 12 14 16 18 20 Quantity S

O Macmillan Learning (Figure: Determining Monopolist Profit) Based on the graph, the profit-maximizing price is at point Price and Cost h Of. O g. d. C MR Output MC ATC

Answer the question by referring to the table below. The table shows the demand curve facing a monopolistwho produces at constant marginal cost of 6. In short-run equilibrium, the monopolist will produceQuantity Price10 1020 930 840 750 660 5a) 20 unitsb) 30 unitsc) 40 unitsd) 50 units

b bMy Question X WMonop HW X Σ Σ G + f G Office Editing for Docs, Sheets & Slides chrome-extension://bpmcpldpdmajfigpchkicefoigmkfalc/... The quantity has been found for you by finding where MC-MR. The monopolist sets price by charging as high as demand will bear at that quantity. So once the quantity has been found, go upon the dotted is the price. Total Revenue is PxQ, Total costs are found by finding the average cost and multiplving by O. ATC AVC 100 100 MR What is the optimal quantity? What is the price? What is Total Revenue? What is Total Cost? What is Total Variable Cost? What is Total Fixed Cost? [Hint: Average fixed cost is the vertical distance between the ATC and AVC curves at the optimal Q.] Is there a profit or a loss? How much? 8 11:02

MC ATC P2 P3 P4 MR Q, Q2 Quantity In the figure above, if the monopolist maximizes profit, how many units of output will be sold and at what price? Quantity = Q2, Price = P1 Quantity = Q1, Price = P3 Quantity = Q1, Price = P4 Quantity = Q2, Price = P2 Quantity = Q1, Price = P1 Price

When will a monopoly be economically efficient?      a if it produces where the marginal cost equals the average cost b if it produces where the marginal cost is greater than the average cost c if it produces where the marginal cost is less than the average cost d if it produces where the marginal cost equals the price

9 The total revenue curve for a monopolist will do which of the following? A O Start high, decline, and then rise BO Start low, rise, and then decline Start high, rise, and then decline DO Start low, decline, and then rise

P A B C QUIZ i E Multiple Choice OA. O O Refer to the graph for a monopolist in short-run equilibrium. The monopolist will charge a price equal to the distance: Multiple Choice OA. OB. AVC MR OC. MC VIVIK Saved 0 Q Q Refer to the graph for a monopolist in short-run equilibrium. The monopolist will charge a price equal to the distance: ATC D not labeled on the graph. Help Save & Exit Subr

Suppose that a monopolist sells a product to men and women. If the firm sets a single price, the monopolist would produce 100000 units and sell them at a price of $5.00 per unit. Suppose that at that price, the price elasticity of demand for men is -0.75 and the price elasticity of demand for women is -2.50. The monopolist is considering whether he should set discriminatory prices and asks for you're advice. Part 1 Suppose the monopolist is thinking about charging men a %10 higher price. If the monopolist does so, the quantity demanded by men would fall by _______% (give answer to one decimal) Part 2. Suppose the monopolist is thinking about charging women a 10% higher price. If the monopolist does so, the quantity demanded by women would fall by ________% (give answer to one decimal)