Since a monopolist faces a downward sloping demand curve, it can increase revenue by ________.     a.) reducing its price   b.) raising its price   c.) producing more product

Q)Economics A market comprises two consumers groups: high-demand types and low-demand types. The high types have demand QH = 10 – P and low types have demand QL = 8 – P. If a monopolist has marginal cost MC = 1 + Q, what is the profit maximising price the monopolist would charge if they are not able to price discriminate? a. 5 b. 6 c. 4 d. 7

Solve all this question......you will not solve all questions then I will give you down?? upvote.

Dear tutor, please solve these multiple questions. Thank You! 11. If the demand shifts, then for a profit maximizing monopolist, A) price will change while quantity will remain constant.B) price will change and quantity will change.C) Both A and B.D) Neither A nor B.   30. A monopolist will spend resources to advertise its product so long as A) net profits increase.B) gross profits increase.C) demand increases.D) total revenue increases.   32. What aspects of a game are specified by "the rules of the game"? A) timing of players' movesB) payoffsC) information available to each playerD) All of the above   33. When neither player has a dominant strategy, A) game theory will not provide information.B) no Nash-Equilibrium exists.C) at least one Nash-Equilibrium exists.D) the game cannot be analyzed.

3. A monopolist faces a demand curve of P = 120 – 2q and has a production function given by f (L, K) = L'/4K¼. Input prices are w = 1 and r = 4. (a) Calculate the monopolist's (long-run) marginal cost as a function of the quantity it produces. (b) Draw a diagram illustrating the monopolist's problem. Identify each of the following on the diagram and calculate its numeric value: (i) monopolist's profit-maximizing quantity, (ii) price charged, (iii) monopolist's profit, (iv) consumer surplus, (v) producer surplus, and (vi) deadweight loss. Two notes: (1) the area of a triangle is base * height, (2) if you are getting really messy answers here, you may have made a mistake in part (a). (c) The government is concerned about the monopoly and decides to impose a price ceiling. Illustrate the efficient price ceiling on your diagram. i. Illustrate and calculate the price ceiling that will result in an efficient outcome. ii. Compute consumer and producer surplus at the efficient outcome. iii.…

1. Refer to the figure below when the firm is a monopolist. Price P MC L K J ATC D T W Quaxtity \MR a) If the monopolist maximizes profit, how many units will it produce? b) What price will the monopolist charge? c) What area measure the monopolist's profit? d) What level of output would be socially efficient? 2. A Monopolist is facing a demand schedule that is shown in the following table. Quantity Total Revenue Average Revenue Marginal Revenue Price $35 $32 1 2 3 $29 14 $26 15 $23 $20 $17 $14 6 7 18 19 $11 10 $8 a) Fill out the rest of the table. b) Assume this monopolist's marginal cost is constant at $11. What quantity of output (Q) will it produce and what price (P) will it charge? ------

6

What is the answer and why?

c) Under what circumstances is it possible and profitable for a monopolist to charge different prices for the same product?

29. Imagine that you are managing a small firm and thinking about entering the market of a monopolist. The monopolist is currently charging a high price, and you have calculated that you can make a nice profit charging 10% less than the monopolist. Before you go ahead and challenge the monopolist, what possibility should you consider for how the monopolist might react?