pose that the monopolist faces a linear demand curve, P(Q) = A - BQ. Further s t the monopolist has the marginal cost function: MC = Q. Find the revenue as a function of Q. Find the marginal revenue as a function of Q. Find the quantity that maximizes the monopolist's profit as a function of A and B. Find the equilibrium price as a function of A and B. Let's use some numbers. Suppose A = 10 and B= 2. Solve for the profit-maximizin quantity and price. Using A = 10 and B = 2, draw a demand curve and a marginal revenue function as marginal cost. Shade the deadweight loss. Also label clearly the profit-maximizing qua and price chosen by the monopolist. What would have been the competitive equilibrium price and quantity (hint: equate

Income (Y) Money Supply (X) 116652 42011 120392 43313 124572 44808 132624 49243 139656 50094 148583 52117 150164 54253 153560 56512 157328 59243 161740 60783 168732 65173 176549 66338 182744 68694 190172 72238 191592 74544 195600 77300 201204 80021 204160 83482 212468 85868 214712 87911

A random sample of 1-gallon cartons of milk is selected from the automatic filling machine.   The contents are precisely measured.  The measurements are shown to the right.  The measurements are in ounces (1 gallon = 128 oz.)  127.46 129.83 129.51 129.75 128.45 127.34 129.18 127.29 127.28 128.46 127.7 130.87 128.04 125.76 127.77 126.72 127.58 128.5 127.37 128.08 127.51 127.66 129.78 128.42 126.35 126.34 128.53 128.48   15 The sum of the fill of the sample containers is, a 3586.01       b 3481.56       c 3380.16       d 3281.71

THE schematic structure of HEALTH ECONOMICS was first drawqn by: lakataus blaug williams flein

The figure below plots a histogram of ages for Olympic athletes. What are ways that this plot could be improved: Mark all that apply. count 20000- 15000- 10000- 5000- 0- 20 20 40 age_of_athlete Do a scatter plot instead of a histogram to more effectively portray the information Change X-axis label Add a title Capitalize Y-axis label 80 60

Name Owner File size Location 5. In December 2023, the CPI-U for all items was 306.746. Five years earlier, in December 2018, the CPI-U was 251.233. What was the percentage increase in the CPI-U during those five years?

Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one energy drink, one egg sandwich, and one bike rental. In year one, the basket costs $12.00. In year two, the price of the same basket is $13.00. From year one to year two, there is at an annual rate of In year one, $24.00 will buy baskets, and in year two, $24.00 will buy baskets. This example illustrates that, as the price level rises, the value of money,

Compute the R² using the following information. What does this number mean? Wage = 4.43 +0.61Edu + e n = 1089, SST = 37211.6, SSE 37211.6, SSE 19848.2 R² = = = 0.4666. 46.66% of the variation in wage can be explained by education. R² = 0.5334. 53.34% of the variation in wage can be explained by education. R² = 0.61.61% of the variation in wage can be - explained by education. R² = 0.3043. 30.43% of the variation in wage can be explained by education.

The number of times a sound wave vibrates in one second is called: a) Amplitude b) Frequency c) Wavelength d) Speed

1. As the owner of an ice-cream store, you believe it is necessary to purchase another ice-cream maker to meet the increased demand. You need to take a loan to finance it. The loan officer tells you that your revenues of $750,000 are insufficient to support additional debt. To qualify for the loan, your revenues need to be $50,000 higher. To generate additional revenue, you collect data on the price (in cents) per pound you charge customers and the related quantity of ice-cream consumed per year in pounds. The information is saved in HW3_2.xlsx. Use these data to estimate the log-linear demand specification to obtain least squares estimated of the demand for ice-cream. Write an equation that summarizes the demand for ice cream, and then determine the percentage price increase or decrease that is needed in order to boost revenues by $50,000.