Table: Prices and Demand Quantity of Hats Demanded 0 1 2 3 4 5 6 7 8 Price per Hat $30 28 26 24 22 20 18 16 14 (Ref 27-8 Table: Prices and Demand) Use Table 27-8: Prices and Demand. The New Orleans Saints have a monopoly on Saints logo baseball hats. The Saints sell at most 1 hat to each customer, and the table shows each customer's willingness to pay. The marginal cost of producing a hat is $18, and there are no fixed costs. How much is the Saints' profit at the profit-maximizing output? O a. $18 O b. $24 O c. $12 O d. $30

Figure 94 Monopolist (dollars) 10 8 6 0 Quantity MC Refer to Figure 94. Suppose that the profit-maximizing/loss minimizing level of output is 40 units per day and the average fixed cost and average variable cost of producing this amount is $4 $7, respectively. (a) What is the total cost of producing 40 units per day? Show your work. (b) What is the total profit earned/loss incurred by producing 40 units per day? Show your work. (c) What price will the firm charge to maximize profit or minimize loss? (d) Should the firm shut down or continue to produce in the short run? Explain.

Table 6.1: A Monopoly Price Quantity Marginal (P) (Q) Cost (MC) $14.00 $4.00 $13.00 $5.00 $12.00 8. $6.00 $11.00 10 $7.00 $10.00 12 $8.00 $9.00 14 $9.00 Refer to Table 6.1. The monopoly can earn a maximum profits of about dollars. O 62.00 O56.00 O 58.00 O64.00 4.

Hot Air Balloon Rides is a single-price monopoly. Columns 1 and 2 of the table set out the market demand schedule and columns 2 and 3 set out Price Quantity Total cost (dollars per month) (dollars (rides the total cost schedule. per ride) per month) Suppose the government taxes Hot Air by S60 per ride. 250 20 Calculate Hot Air's new profit-maximizing quantity, price and economic profit. 230 100 ... 210 200 Hot Air's new profit-maximizing output is rides a month and the firm's profit-maximizing price is $a ride. >>> Answer to 1 decimal place. 190 3 320 170 4 460 150 620 When Hot Air produces the new profit-maximizing output and charges the profit-maximizing price, it of s >>> Answer to 1 decimal place. >>> If the firm incurs an economic loss, select economic loss in the dropdown box and do not enter a minus sign.

3. Using the cost curves for the monopolist (right), answer the questions 3a - 3d below: a. Indicate where the monopolist maximizes profits, output is equal to b. The monopoly price that maximizes profits is c. What is the maximum profit the firm can earn from its product? d. When the monopolist is maximizing total profit, the average total cost of producing that output level is? Price (dollars) 10 6 4 0 MR 6 Quantity T 11 ||| 8 9 10 MC ATC D

The diagram bow depts the demand curve (D), the marginal revenue curve (MRO), the marginal cost curve (MC), the average variable cost con (C) and the (ATC) for a monopoly producing a good named ALPHA2 Based upon the information shown on the graphs, determine the maximum profits of the moneonly knowing that the seat value of Xie 35 247 15 Price 10 54 25 204 40 60 sst 50+ 45 30 x+ MC ATC AVC MR 50 60 70 80 90 100 110 120 130 140 150 160 170

DN1(b, c) Amtrak has a monopoly on rail travel in the U.S. It uses price discrimination to offer a discounted price for adults who are currently enrolled students. The marginal cost per train ticket from Baltimore to New York is 100. The demand for regular tickets is P=1000-5Q and the demand for student tickets is P-500-Q. b. Find the monopoly price and quantity for regular adult tickets? c. Find the monopoly price and quantity for discounted student tickets.

What is the deadweightloss?Explain how monopoly creates a deadweightloss. b) Draw and compare the price and the output of a monopoly with the competitive market.   Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Question 3

Consider a town in which only two residents, Jacques and Kyoko, own wells that produce water safe for drinking. Jacques and Kyoko can pump and sell as much water as they want at no cost. For them, total revenue equals profit. The following table shows the town's demand schedule for water. Price Quantity Demanded Total Revenue (Dollars per gallon) (Gallons of water) (Dollars) 6.00 0 0 5.50 45 $247.50 5.00 90 $450.00 4.50 135 $607.50 4.00 180 $720.00 3.50 225 $787.50 3.00 270 $810.00 2.50 315 $787.50 2.00 360 $720.00 1.50 405 $607.50 1.00 450 $450.00 0.50 495 $247.50 0 540 0     Suppose Jacques and Kyoko form a cartel and behave as a monopolist. The profit-maximizing price is   per gallon, and the total output is   gallons. As part of their cartel agreement, Jacques and Kyoko agree to split production equally. Therefore, Jacques's profit is   , and Kyoko's profit is   .   Suppose that Jacques and Kyoko have been successfully…