Homework Answers
Demand function
Q = 400-4P
Inverse demand function
P = (400-Q)/4
P = 100-0.25Q
Total revenue = P *Q = (100-0.25Q)*Q
TR = 100Q - 0.25Q(2)
MR =Marginal revenue = d (TR)/dQ
MR = d(100Q-0.25Q2)/dQ
MR = 100-0.5Q
Now to get profit maximization quantity
MC = MR
2Q = 100-0.5Q
2.5Q = 100
Q = 40
Answer: 40
Add Answer to:
Choose a,b,c,d
. The demand for a monopolist's product is given by Q 4 monopolist's marginal...
11. The demand for a monopolist's product is given by Q-400 4P while the monopolist's marginal...
11. The demand for a monopolist's product is given by Q-400 4P while the monopolist's marginal cost is given by MC- Q The profit-maximizing quantity of output for this monopolist is A) 1o0 B) 44-44 D) 20 There is a payoff matrix of two firms; their different profits are listed when they choose collusion or competition (answer 14-15). firm B competition 4.14 5. 28 collusion 27,5 19, 19 firm A competition collusion 12. In the game above, who has dominant...
11. The demand for a monopolist's product is given by Q - 400 4P while the...
11. The demand for a monopolist's product is given by Q - 400 4P while the monopolist's marginal cost is given by MC-2Q The profit-maximizing quantity of output for this monopolist is A) 100 C) 40 B) 44-44 D) 20 There is a payoff matrix of two firms; their different profits are listed when they choose collusion or competition (answer 14-15). firm B collusion 27.5 19, 19 competition competition14, 14 5. 28 firm A collusion 12. In the game above,...
. The demand for a monopolist's product is given by Q monopolist's marginal cost is given...
. The demand for a monopolist's product is given by Q monopolist's marginal cost is given by MC -3 The profis-ma quantity of quantity output for this monopolist is A) 10o C) 40 8) 4444 D) a0 There is a payoff matrix of two flems: their collusion or competition (answer 14-15) differens profits are listed when they choose firm B competition firm A competition! 14.14 27.5 collusion 5. a8 9.19 2. In the game above, who has dominant strategy A)...
A monopolist's inverse demand function P D(Q) is described as follows: D(1)-64, D(2)-45, D(3)-26, D(4)-17, D(5)-8....
A monopolist's inverse demand function P D(Q) is described as follows: D(1)-64, D(2)-45, D(3)-26, D(4)-17, D(5)-8. Answer the following: a) What is the infra-marginal effect of this monopolist at Q-1? b) What is the volume effect of this monopolist at Q-1? c) What is the marginal revenue of this monopolist at Q-3? d) Suppose the marginal cost is not constant and increases with production in the following way: MC(1)-1, MC(2)-6, MC(3)-12, MC(4)-21, MC(5)-33. How many units should this monopolist sell...
A monopolist faces a market demand curve given by
A monopolist faces a market demand curve given by Q=70-P a. If the monopolist can produce at constant average and marginal costs ofAC-MC-6, what output level will the monopolist choose to maximize profits? What is the price at this output level? What are the monopolist's profits? b. Assume instead that the monopolist has a cost structure where total costs are described by C(Q) = 0.25Q2 - 5Q + 300. With the monopolist facing the same market demand and marginal revenue, what price-quantity combination will be chosen now...
The graph below shows a monopolist's demand (D), marginal revenue (MR), marginal cost (MC), and average...
The graph below shows a monopolist's demand (D), marginal
revenue (MR), marginal cost (MC), and average total cost (ATC)
curves. Management wants to adjust the production output quantity
to maximize the firm's profits. What quantity should the firm aim
for?
Give your answer by dragging the Q line to a new position to mark
the quantity at which profit is as large as possible.
Price and cost ATC MC MR Quantity
As product differentiation decreases, ________ increases. a markup b demand inelasticity c marginal cost d demand...
As product differentiation decreases, ________ increases. a markup b demand inelasticity c marginal cost d demand elasticity e excess capacity A monopolistically competitive firm is inefficient because the firm a is not maximizing its profit. b earns positive economic profit in the long run. c produces an output where average total cost is not minimum. d produces where price is equal to minimum average total cost. e is producing at an output amount that corresponds to marginal cost equal to...
4. A monopolist faces a market demand defined by P 20. There are no fixed costs. 100 (1/5)Q. Her ...
4. A monopolist faces a market demand defined by P 20. There are no fixed costs. 100 (1/5)Q. Her marginal cost is given by MC (a) Graph the market demand, the marginal revenue curve and the marginal cost curve, labeling the intercepts. (5 marks) (b) Calculate the monopolist's profit-maximizing price, output and profit. (5 marks) (c) Suppose that this market can now be divided into two separate markets and the supplier can discriminate between them. The demand curves are given...
Figure 01. Cost and Demand for a Monopolistic Competitor Price $15.00 --- $10.00 --- — АС MC Imre 11 Demand curve...
Figure 01. Cost and Demand for a Monopolistic Competitor Price $15.00 --- $10.00 --- — АС MC Imre 11 Demand curve facing each firm, de 324250 Quantity Question 02. Using Figure 01, the total cost of producing the profit-maximizing output for each firm is: A. $320. B. $480 C. $420 D. $500 Question 03. Using Figure 01, the profits at the profit-maximizing output for each firm is: A. $320. B. $480 C. $160. D. $420. Question 04. Suppose that at...
1. Suppose that demand is given by P=100-Q, marginal revenue is MR=100-2Q, and marginal cost (and...
1. Suppose that demand is given by P=100-Q, marginal revenue is MR=100-2Q, and marginal cost (and average cost) is constant at 20. a. What single price will maximize a monopolist's profit? b. What will be the prices and quantity under two-part pricing? It involves a lump sum fee (e.g., membership fee) equal to the consumer surplus at competitive prices and user fees (i.e., unit price) equal to the competitive price. c. Now the monopolist has another group of consumers whose...
11. The demand for a monopolist's product is given by Q-400 4P while the monopolist's marginal cost is given by MC- Q The profit-maximizing quantity of output for this monopolist is A) 1o0 B) 44-44 D) 20 There is a payoff matrix of two firms; their different profits are listed when they choose collusion or competition (answer 14-15). firm B competition 4.14 5. 28 collusion 27,5 19, 19 firm A competition collusion 12. In the game above, who has dominant...
11. The demand for a monopolist's product is given by Q - 400 4P while the monopolist's marginal cost is given by MC-2Q The profit-maximizing quantity of output for this monopolist is A) 100 C) 40 B) 44-44 D) 20 There is a payoff matrix of two firms; their different profits are listed when they choose collusion or competition (answer 14-15). firm B collusion 27.5 19, 19 competition competition14, 14 5. 28 firm A collusion 12. In the game above,...
. The demand for a monopolist's product is given by Q monopolist's marginal cost is given by MC -3 The profis-ma quantity of quantity output for this monopolist is A) 10o C) 40 8) 4444 D) a0 There is a payoff matrix of two flems: their collusion or competition (answer 14-15) differens profits are listed when they choose firm B competition firm A competition! 14.14 27.5 collusion 5. a8 9.19 2. In the game above, who has dominant strategy A)...
A monopolist's inverse demand function P D(Q) is described as follows: D(1)-64, D(2)-45, D(3)-26, D(4)-17, D(5)-8. Answer the following: a) What is the infra-marginal effect of this monopolist at Q-1? b) What is the volume effect of this monopolist at Q-1? c) What is the marginal revenue of this monopolist at Q-3? d) Suppose the marginal cost is not constant and increases with production in the following way: MC(1)-1, MC(2)-6, MC(3)-12, MC(4)-21, MC(5)-33. How many units should this monopolist sell...
The graph below shows a monopolist's demand (D), marginal
revenue (MR), marginal cost (MC), and average total cost (ATC)
curves. Management wants to adjust the production output quantity
to maximize the firm's profits. What quantity should the firm aim
for?
Give your answer by dragging the Q line to a new position to mark
the quantity at which profit is as large as possible.
Price and cost ATC MC MR Quantity
4. A monopolist faces a market demand defined by P 20. There are no fixed costs. 100 (1/5)Q. Her marginal cost is given by MC (a) Graph the market demand, the marginal revenue curve and the marginal cost curve, labeling the intercepts. (5 marks) (b) Calculate the monopolist's profit-maximizing price, output and profit. (5 marks) (c) Suppose that this market can now be divided into two separate markets and the supplier can discriminate between them. The demand curves are given...
Figure 01. Cost and Demand for a Monopolistic Competitor Price $15.00 --- $10.00 --- — АС MC Imre 11 Demand curve facing each firm, de 324250 Quantity Question 02. Using Figure 01, the total cost of producing the profit-maximizing output for each firm is: A. $320. B. $480 C. $420 D. $500 Question 03. Using Figure 01, the profits at the profit-maximizing output for each firm is: A. $320. B. $480 C. $160. D. $420. Question 04. Suppose that at...
1. Suppose that demand is given by P=100-Q, marginal revenue is MR=100-2Q, and marginal cost (and average cost) is constant at 20. a. What single price will maximize a monopolist's profit? b. What will be the prices and quantity under two-part pricing? It involves a lump sum fee (e.g., membership fee) equal to the consumer surplus at competitive prices and user fees (i.e., unit price) equal to the competitive price. c. Now the monopolist has another group of consumers whose...
Most questions answered within 3 hours.
-
Two small plastic spheres are given positive electrical charges.
When they are a distance of 15.4...
asked 35 minutes ago -
how
does gravity affect the trajectory of projectile? what would be the
shape of the trajactory...
asked 27 minutes ago -
An acidic solution containing gold ions is
electrolyzed, producing gaseous oxygen (from water) at the anode...
asked 51 minutes ago -
Assume that the population of Mexico is 128
million and that the population increases 1.01
percentannually....
asked 1 hour ago -
Can someone please help me add appropriate descriptive
comments to each line of code in the...
asked 1 hour ago -
Romeo wishes to throw a bouquet of flowers to Juliet, who is on
a second-story balcony,...
asked 2 hours ago -
Why is QE a controversial monetary policy tool.
A. It may lead to excessive inflation.B. By...
asked 3 hours ago -
Principles of Programming midterm study guide help!
1.)
______ Which of the following would reference the...
asked 2 hours ago -
A finite potential well has depth U0 = 2.78 eV . What is the
penetration distance...
asked 3 hours ago -
1. The bus bars of a power station are in two sections A and B
separated...
asked 3 hours ago -
Fiscal policy is the deliberate manipulation of taxes and
government spending to alter GDP, employment, inflation...
asked 4 hours ago -
evaluating an expression using only one digit and + and - as
operators ....3+5-1+7-5+8
-----------------------
stack...
asked 4 hours ago