What happens if monopolist charges a price of $2?
Homework Answers
A price of $2 is lower than the lowest ATC. Therefore, the monopolist would suffer a loss at this price of $2.
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What happens if monopolist charges a price of $2?
SMC Revenues and costs (dollars) ATC AVC...
PART V: Study Problem 1. Suppose a monopolist faces the demand and cost curves shown in...
PART V: Study Problem 1. Suppose a monopolist faces the demand and cost curves shown in the figure below SMC 7 ATC AVC 2 MR D Q 100 200 300 400 500 600 700 800 Quantity 12-a. The monopolist maximizes profit (minimizes loss) by producing units of output. 12-b. The monopolist will sell its output at a price of S per unit. 12-c. The monopolist earns a profit' (loss) of S 12-d. What happens if monopolist charges a price of...
The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price Quantity M...
The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price Quantity Marginal Revenue (dollars) Demanded (dollars) $130 200 $110 120 300 90 110 400 70 100 500 SO 90 600 30 80 700 10 Marginal Cost Average Total Cost (dollars) dollars) $25 $139.00 32 103.30 40 87.50 50 8 0.00 62 77.00 77 7 7.00 What is the monopolist's profit at the profit maximizing level of output? $10,000 $50,000 $80,000 $0
if there is a $2 tax on sellers what is the quantity demanded? Price Quantity Demanded...
if there is a $2 tax on sellers what is the quantity demanded? Price Quantity Demanded Quantity Supplied 5 600 200 6 500 300 7 400 400 8 300 500 9 200 600 10 100 700 300 400 500 200 what is the profit maximizing point? mr=mc p=mr p>atc P<atc What is the shutdown point? P=ATC P=AFC P=MR P=AVC If the price is $4 what is Beth's consumer surplus? Price 3 4 Quantity Demanded Ann Beth 30 25 25 20...
The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues...
The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price Quantity Marginal Revenue (dollars) Demanded (dollars) $130 200 $130 120 300 100 110 400 80 100 500 60 90 600 40 80 700 20 Marginal Cost (dollars) $25 32 40 Average Total Cost (dollars) $139.00 103.30 87.50 82.00 77.00 77.00 60 52 77 Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a...
What is the maximum price that Ann is willing to pay? 20 Price 3 4 5...
What is the maximum price that Ann is willing to pay? 20 Price 3 4 5 6 7 8 Quantity Demanded Ann Beth 30 25 25 20 15 15 10 10 5 5 0 0 0 Су 20 15 10 5 0 0 0 9 8 9 6 7 if there is a $2 tax on sellers what is the price per ticket 200 Price Quantity Demanded Quantity Supplied 5 600 6 500 300 7 400 400 8 300 500...
Q1: (15%) SMC Demand, marginal revenue, and costs ATC AVC LIMR 0 20 40 60 80...
Q1: (15%) SMC Demand, marginal revenue, and costs ATC AVC LIMR 0 20 40 60 80 100 Quantity 120 140 160 The figure shows the demand and cost curves facing a monopoly in the short run. Please find out (a) the optimal output for profit-maximization, (b) the monopoly price can be charged, and (c) the maximum profit.
1. If the monopoly firm perfectly price discriminates, then the deadweight loss amounts to _______________________________ 2....
1. If the monopoly firm perfectly price discriminates,
then the deadweight loss amounts to
_______________________________
2. If there are no fixed costs of production, monopoly
profit without price discrimination equals
_______________________________
3. If there are no fixed costs of production, monopoly
profit with perfect price discrimination equals
_______________________________
Monopoly so 1 Price 45+ 40+ 35 30+ in 15+ 10 MC-ATC Demand MR 50 100 150 200 250 300 350 400 450 500 550 600 650 700 750 800 Quantity
Use the graph to answer four questions. Typical Computer Firm Price or Cost (dollars per computer)...
Use the graph to answer four questions. Typical Computer Firm Price or Cost (dollars per computer) $1,400 $1,300 $1,200 $1,100 $1,000 $900 $800 $700 $600 $500 $400 (600, 400) $300 $200 0 100 200 300 400 500 600 700 800 900 1,000 Quantity (computers per month) If the market price for computers is $500, Instructions: Enter your responses as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of...
ATC Demand MC Cost of Webcam BARABARBERBESAR BRAS Price of Webcam $80 $72 $64 $56 $48...
ATC Demand MC Cost of Webcam BARABARBERBESAR BRAS Price of Webcam $80 $72 $64 $56 $48 $40 $32 E $24 $16 $8 $0 0 50 100 150 200 250 300 350 400 450 500 550 600 650 700 Quantity of Webcams AVC Supply 2 8 9 10 4 5 Quantity of Webcams Assume the perfectly competitive webcam industry in this question is made up of identical firms. The graph on the left shows the costs of producing webcams at one...
MC 450 400 350 300 250 200 150 100 P MR ATC AVC 50 1 2345...
MC 450 400 350 300 250 200 150 100 P MR ATC AVC 50 1 2345 7 89 10 11 12 Quantity What area in the graph above represents total economic profits for the firm? MFWT OCBWT DAFM DABC Price
PART V: Study Problem 1. Suppose a monopolist faces the demand and cost curves shown in the figure below SMC 7 ATC AVC 2 MR D Q 100 200 300 400 500 600 700 800 Quantity 12-a. The monopolist maximizes profit (minimizes loss) by producing units of output. 12-b. The monopolist will sell its output at a price of S per unit. 12-c. The monopolist earns a profit' (loss) of S 12-d. What happens if monopolist charges a price of...
The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price Quantity Marginal Revenue (dollars) Demanded (dollars) $130 200 $110 120 300 90 110 400 70 100 500 SO 90 600 30 80 700 10 Marginal Cost Average Total Cost (dollars) dollars) $25 $139.00 32 103.30 40 87.50 50 8 0.00 62 77.00 77 7 7.00 What is the monopolist's profit at the profit maximizing level of output? $10,000 $50,000 $80,000 $0
if there is a $2 tax on sellers what is the quantity demanded? Price Quantity Demanded Quantity Supplied 5 600 200 6 500 300 7 400 400 8 300 500 9 200 600 10 100 700 300 400 500 200 what is the profit maximizing point? mr=mc p=mr p>atc P<atc What is the shutdown point? P=ATC P=AFC P=MR P=AVC If the price is $4 what is Beth's consumer surplus? Price 3 4 Quantity Demanded Ann Beth 30 25 25 20...
The table below shows the marginal revenue and costs for a monopolist. Demand, Costs, and Revenues Price Quantity Marginal Revenue (dollars) Demanded (dollars) $130 200 $130 120 300 100 110 400 80 100 500 60 90 600 40 80 700 20 Marginal Cost (dollars) $25 32 40 Average Total Cost (dollars) $139.00 103.30 87.50 82.00 77.00 77.00 60 52 77 Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a...
What is the maximum price that Ann is willing to pay? 20 Price 3 4 5 6 7 8 Quantity Demanded Ann Beth 30 25 25 20 15 15 10 10 5 5 0 0 0 Су 20 15 10 5 0 0 0 9 8 9 6 7 if there is a $2 tax on sellers what is the price per ticket 200 Price Quantity Demanded Quantity Supplied 5 600 6 500 300 7 400 400 8 300 500...
Q1: (15%) SMC Demand, marginal revenue, and costs ATC AVC LIMR 0 20 40 60 80 100 Quantity 120 140 160 The figure shows the demand and cost curves facing a monopoly in the short run. Please find out (a) the optimal output for profit-maximization, (b) the monopoly price can be charged, and (c) the maximum profit.
1. If the monopoly firm perfectly price discriminates,
then the deadweight loss amounts to
_______________________________
2. If there are no fixed costs of production, monopoly
profit without price discrimination equals
_______________________________
3. If there are no fixed costs of production, monopoly
profit with perfect price discrimination equals
_______________________________
Monopoly so 1 Price 45+ 40+ 35 30+ in 15+ 10 MC-ATC Demand MR 50 100 150 200 250 300 350 400 450 500 550 600 650 700 750 800 Quantity
Use the graph to answer four questions. Typical Computer Firm Price or Cost (dollars per computer) $1,400 $1,300 $1,200 $1,100 $1,000 $900 $800 $700 $600 $500 $400 (600, 400) $300 $200 0 100 200 300 400 500 600 700 800 900 1,000 Quantity (computers per month) If the market price for computers is $500, Instructions: Enter your responses as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of...
ATC Demand MC Cost of Webcam BARABARBERBESAR BRAS Price of Webcam $80 $72 $64 $56 $48 $40 $32 E $24 $16 $8 $0 0 50 100 150 200 250 300 350 400 450 500 550 600 650 700 Quantity of Webcams AVC Supply 2 8 9 10 4 5 Quantity of Webcams Assume the perfectly competitive webcam industry in this question is made up of identical firms. The graph on the left shows the costs of producing webcams at one...
MC 450 400 350 300 250 200 150 100 P MR ATC AVC 50 1 2345 7 89 10 11 12 Quantity What area in the graph above represents total economic profits for the firm? MFWT OCBWT DAFM DABC Price
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