Take an monopsony with an inverse demand of P = 20-.5Q equal to marginal revenue and inverse supply of P = 2+.25Q equal to marginal cost. Find the equilibrium price, quantity, all 3 surpluses, and any deadweight loss. Show your work. Request: Please draw a graph as needed and please provide the typed answer (not written) Your help is much appreciated!

Take an monopsony with an inverse demand of P = 20-.5Q equal to marginal revenue and inverse supply of P = 2+.25Q equal to marginal cost. Find the equilibrium price, quantity, all 3 surpluses, and any deadweight loss. Show your work. Request: Please draw a graph as needed and please provide the typed answer (not written) Your help is much appreciated!

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter2: Economic Systems And The American Economy

Section2.2: Characteristics Of The American Economy

Problem 5R

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