The Spacing Guild has a monopoly on space transport. They sell tickets (Q) for seats on starships for interstellar travel at a per-ticket price of P. All tickets cost the same. If the Marginal Cost for each seat is $16 and Market demand is Q=404- 5P, what is the MARGINAL REVENUE the Guild gets from the 25th ticket?

You own a road resurfacing business called Dahyun Bricks services located in Seoul. You are the only reservicing business in South Korea. Therefore, you have a local monopoly. Your experience running the company for many years has taught you that market demand for your service can be described by the demand function: p = 20 - Q. The cost function is c =q². Therefore, marginal cost equals 2q. Quantity refersto square metre of road resurfacing. Note the Q denotes aggregate market demand and q denotes your production. Of course, if you are the only supplier than q = Q. a) Compute profit maximising price and output. Compute profits. b) The monopoly profit that you have been earning has attracted attention from another firm that will set up operations in South Koreaand compete for market share. You are concerned with losing market share and profit. So, you offer the potential entrant the following deal. Both firms agree to maximise industry profits (joint profits). The potential entrant…

Suppose a monopolist faces a demand equation given by P=20-Q, and a marginal revenue equation given by MR = 20-2Q, and MC=AVC=ATC=$6. What is the deadweight loss associated with the monopolist?   a) $8.5   b) $33.25   c) $24.5   d) $12.5

Jackelina's company is a monopoly that faces demand Qd = a - bp, where a and b are positive numbers. The monopolist's marginal revenue function is: MR = a-2bP MR = a/Q - b = MR a/b - 2Q/b MR = a -2bQ

If a monopoly firm can sell 12 items per day at a price of $150 each, and to increase sales by one (marginal) item per day, the monopolist must lower price to $148, calculate the marginal revenue of the 13th item:

The market demand for a good in a monopoly is P = 400-2Q. The good can be produced at a constant cost of $40. What is the amount of producer surplus?

Consider a monopolist with a total cost function given as C(Q) = 1.5Q2 + 40Q that faces an inverse market demand function P(Q) = 280 − 0.5Q **Calculate the​ profit-maximizing quantity,​ price, and economic profits for this monopolist, with the government imposing a ​$20 per unit tax.  Quantity: ?    (Round your answer to two decimal​ places). Price: ?          ​(Round your answer to two decimal​ places).   Economic​ profits: ​$ ?   ​(Round your answer to two decimal​ places).

Assume quantities need not be integers. A monopolist incurs marginal cost equal to MC=Q per unit and faces demand P(Q)=18 – 3 x Q. If there is no fixed cost for production, what is the total cost of production?

Yongling is a monopoly seller of a good in a town. She has a fixed supply of 8 units and no other costs. The market demand curve for the product is P = 20-q. What is her profit if she sells to all her clients at the same price?

Consider a monopolist facing a market demand given by: P = 200 - 4Q. Where P is the price and Q is the quantity. The monopolist produces the good according to the cost function c(Q) = Q2 + 5. Determine the profit maximizing quantity and price the monopolist will offer in the market. Calculate the profits for the monopolist. Calculate the deadweight loss due to a monopoly. Illustrate this in a well labelled diagram. I will thumbs up solution if it is original answer and not from ChatGPT, if ChatGPT is used I will thumbs-down and report to Chegg as ChatGPT returns the incorrect answer here and I'm stuck. Thank you! :)