Suppose that the graph below depicts a perfectly competitive market.       a. What are the equilibrium price and quantity and at equilibrium what is the value of the producer surplus,  the consumer surplus and the economic surplus?     Price: $        quantity:      producer surplus:  $    consumer surplus:$      economic surplus: $      b. What would be the monopolist’s price, quantity, producer surplus, consumer surplus, economic  surplus and deadweight loss?   Price: $      Quantity:      Producer surplus: $    Consumer surplus: $      Economic surpl

The following table refers to information about a monopolist. The demand and total cost schedules for the monopolist are presented. Quantity 1 2 34 5 6 7 ܒܢ Calculate the marginal revenue from selling the 4th unit of output. Express your answer without units (e.g., if your answer is "$400", write "400" in the answer box). Type your answer... W 3 LU E a $ 4 R ddelddeelala www 000 6 Sº % Price $30 $28 $26 $24 $22 $20 $18 5 T 6 MacBook Pro Y & 7 A U * 00 8 1 Total cost $10 $20 $30 $40 $50 $60 $70 W 9 P O O T a

please answer

Mm.8. Subject:- economic

write one to two pages : What are the three reasons that a market might have a Monopoly?

a. what is the optimal quantity of goods for the firm to produce b. what is the optimal price for the quantity of goods for the firm to produce c. what is the total revenue for the firm d. what is the total cost for the firm e. what is profit/loss for the firm

What is the profit-maximizing (equilibrium) condition that a monopolist uses to set its quantity of output? Question 8Answer a. Marginal Cost = Marginal Revenue b. Price = Marginal Revenue  c. Price = Average Cost d. Price = Marginal Cost e. Supply = Demand

Please hand written solutions are strictly prohibited.

Price G B 0 Select one: A O a. OBKA O b. OGIH c. OCEA Od. OGLA H MR MC Refer to the figure above. At the profit-maximizing level of output, the monopolist collects total revenues equal to the area: Quantity

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