Use the following Table showing the demand schedule for a monopolist facing a constant marginal cost of $4. Assume that the firm pays no fixed costs. How many units of output will the firm produce, and how much economic profit will be earned? Quantity Demanded 1 2 3 4 5 6 7 8 9 Price $12 $11 $10 $9 $8 $7 $6 $5 $4 A) 5 units; $8 B) 5 units; $40 C) 7 units; $36 D) 7 units; -$6 E) 5 units; $20

The government of a small developing country has granted exclusive rights to Linden Enterprises for the production of plastic syringes. The table below shows the cost and demand data for this government-protected monopolist. Quantity per Day (cases) 1 2 3 $49.0 $42.0 $47.0 $34.5 5 6 7 8 10 Price per Case $16 15 14 13 12 11 10 7 What is the amount of profit that the firm earns? Total Cost $7.00 9.50 11.00 12.00 14.50 17.00 21.00 25.00 30.00 35.50

Refer to the accompanying graph to answer the next six questions. Price D MR D and H B and F A and H Which price and quantity combination is most desirable from the monopolist firm's point of view? A and E G H C and G D ATC MC Quantity

The accompanying figure depicts a generalized downward-sloping market demand (D) curve for a product. It also shows the firm's relevant marginal revenue (MR) curve and marginal cost (MC) curve. Use this figure to answer the questions that follow. Price $10 $8 $6 $4 $2 10 20 MR 30 40 D MC → 50 60 Quantity What is the change in total welfare if the firm moves from a monopolist model that charges a single price to a perfect competition model? There would be a loss of $160 in total welfare. O There would be a loss of $80 in total welfare. There would be a gain of $40 in total welfare. O There would be a gain of $120 in total welfare. O There would be no change in total welfare.

Please refer to the figure provided.   Imagine that this market could be perfectly competitive, controlled by a monopolist who charges a single price or a monopolist who charges each customer a different price 1. How much is producer surplus if the market is controlled by a single-price monopolist? $  2. Suppose now the monopolist is able to charge all customers the maximum price they are willing to pay, how much is the producer surplus?

Give typing answer with explanation and conclusion  A monopolist has a demand curve given by P = 88 − Q and a total cost curve given by TC = 34 + Q2. The associated marginal cost curve is MC = 2Q. Suppose the monopolist also has access to a foreign market in which he can sell whatever quantity he chooses at a constant price of 60. How much will he sell in the foreign market? What will his new quantity and price be in the original market?

Suppose the accompanying table describes the demand for a good produced by monopolist.   Price Quantity $ 20 1 19 2 18 3 17 4 16 5 15 6 14 7 13 8 12 9 11 10 10 11 9 12 The monopolist’s total revenue from selling three units is ______, and the monopolist’s marginal revenue from selling the third unit is ______.   Multiple Choice   $57; $18   $57; $16   $54; $16   $6; $6

1. A firm faces the following inverse demand curve: P = 500 - 0.25Q Where: Q is the monthly production P is price, measured in dollars per unit. The firm also has a total cost (TC) function of: TC = 200Q. Assuming the firm maximizes profits, answer the following: a) Assuming the firm operates as a monopolist, calculate the following: price, quantity, and profit. Graph and show the equilibrium price and quantity. b) Assuming perfect competition, what are price, quantity and profit? Show on the graph from above.

The diagram below shows a monopolist's marginal cost schedule and the demand curve. Find and depict the following items within the diagram and briefly explain how you found them: Price Monopoly Price Demand Marginal Revenue Total Surplus Quantity Maximising Quantity b) Draw a possible marginal cost curve for the monopolist into the diagram that is consistent with all the other curves that are already given. c) Based on the marginal cost curve that you constructed in part (b), find and highlight the monopolist's total costs at the monopoly price in the diagram. d) Briefly explain the shape of the marginal revenue curve as compared to the demand curve in the diagram.

A perfectly competitive firm is expected to make a $0 economic profit in the long-run. What type(s) of profit would you expect a monopolist to earn in the long-run? Why the difference? Use the editor to format your answer