Suppose a monopolist faces two groups of consumers. Group 1 has a demand given by P1=50−2Q1�1=50−2�1 and MR1=50−4Q1��1=50−4�1. Group 2 has a demand given by P2=40−Q2�2=40−�2 and MR2=40−2Q2��2=40−2�2. The monopolist faces a constant marginal cost equal to MC=10��=10.If the monopolist is allowed to engage in 3rd degree price discrimination, how many units of output will the monopolist sell? Question 12Answer a. 25 b. 10 c. 15 d. 20
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If the monopolist is allowed to engage in 3rd degree
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- A monopolist has a cost function c(q) = 5q+800 and faces aggregate demand q=3000 - 120p. Suppose first that monopolist sells q=400 units. The monopolist's revenue would be The monopolist profit would be The absolute value of the price elasticity of demand would be The consumer surplus would be Now suppose that the monopolist chooses q to maximize its profit. The monopolist's revenue would be The monopolist profit would be The absolute value of the price elasticity of demand would be The consumer surplus would beOn the market of good Y there are 100 identical consumers. Each consumer has a demand function q=360-2p Good Y is produced by a monopolist, which is operating with a constant marginal cost of 50 and a fixed cost of 2000. Suppose the monopolist implements a two-part tariff pricing strategy. Calculate the maximum profit obtainable. Your Answer: AnswerSuppose that the monopolist can produce with total cost: TC = 10Q. Assume that the monopolist sells its goods in two different markets separated by some distance. The demand curves in the first market and the second market are given by Q₁ = 120-4P₁ and Q₂ = 240 - 2P₂. Suppose that consumers can mail the product from cheaper location to a more expensive location at a mailing cost $50. What would be the monopolist profit? $5450 $6050 O $6450 $5050
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- Suppose a monopolist faces two markets with demand curves given by D1(p1) = 200 -p1 D2(p2) = 100 -2p2 Assume that the monopolist’s cost function is c(y) = y^2 1. What is the optimal prices for the monopolist if it can charge different prices in these markets? 2. What is the optimal price if the monopolist must charge the same price in each market? 3. How much total consumers’ surplus changes between the two separate prices and the same price cases? Can I please be assigned an actual expert? The previous four answers have been incorrect. The last several questions I have asked have been plagued by mediocrity and poor answers.Suppose a monopolist faces two markets with demand curves given by D1(p1) = 200 -p1 D2(p2) = 100 -2p2 Assume that the monopolist’s cost function is c(y) = y^2 1. What is the optimal prices for the monopolist if it can charge different prices in these markets? 2. What is the optimal price if the monopolist must charge the same price in each market? 3. How much total consumers’ surplus changes between the two separate prices and the same price cases? Please answer this correctly, quickly,and legibly. This is my third submission of the same question. The first one was wrong and unredeemable the second one was not legible.Suppose a monopolist faces two markets with demand curves given by D1(p1) = 200 -p1 D2(p2) = 100 -2p2 Assume that the monopolist’s cost function is c(y) = y^2 1. What is the optimal prices for the monopolist if it can charge different prices in these markets? 2. What is the optimal price if the monopolist must charge the same price in each market? 3. How much total consumers’ surplus changes between the two separate prices and the same price cases?