Homework Answers
"B"
the firm is producing 70 units and cost is 10 for each unit, total cost in the market is "B 700. "
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The following graph depicts the market situation for a monopoly pastry shop called Bcarclaws. 22 20...
QUESTION 6 The diagram depicts the market situation for a monopoly pastry shop called BakeStop. Use...
QUESTION 6 The diagram depicts the market situation for a monopoly pastry shop called BakeStop. Use the diagram to answer the following question Price 24 20 40 60 80 100 120 140 Quantity How much profit does BakeStop earn? Show and explain your work.
QUESTION 1 A monopoly O a takes the market price as given and earns small but...
QUESTION 1 A monopoly O a takes the market price as given and earns small but positive profits. b.can set the price it charges for its output and earn unlimited profits. Occan set the price it charges for its output but faces a horizontal demand curve so it can earn unlimited profits. d. can set the price it charges for its output but faces a downward-sloping demand curve so it cannot earn unlimited profits. QUESTION 4 1.00000 points Drug companies...
The accompanying graph depicts a hypothetical monopoly. Follow instuctions 1-3 below to identify the monopoly's profits...
The accompanying graph depicts a hypothetical monopoly. Follow instuctions 1-3 below to identify the monopoly's profits 1. Place point E at the monopoly's profit maximizing price and quantity 2. Move the average total cost (ATC) curve to a position that depicts the monopoly earning a positive profit 3. Place the area labeled Profit in the area of the graph that represents the monopoly's profit. 10 MC Profit ATC MR 0 1 2 3 45 6 7 89 10 Quantity (millons...
a) b) c) The graph below depicts an industry that has been monopolized. 120 110 S...
a)
b)
c)
The graph below depicts an industry that has been monopolized. 120 110 S 100 90 80 PRICE ($) 70 60 50 — 40 30 20 D MR 1 1 - - - 20 30 50 60 70 40 OUTPUT If this market is in equilibrium, the price = and output = Is there any deadweight loss? (yes or no) If a monopoly raised the price to $80, the approximate output be . At this new price, would...
Given the following diagranm Monopoly IGRAPH Regular Monopoly Natural Monopoly Off Off Show Deadweight Loss Show...
Given the following diagranm Monopoly IGRAPH Regular Monopoly Natural Monopoly Off Off Show Deadweight Loss Show Economic Profit/Loss ($) Price, Average/Marginal Cost 225 200 175 150 125-- 100 ATC MC-AVC 75 50 25 MR 0 20 4060 80 100 120 140 160 180 Quantity (units per month) PROFIT CALCULATIONS SETTINGS Reset $125.00 Market Price (Pmkt) Cost Structure LoeMarginal Revenue (MR) High Cost $50.00 Cost $95.00 Marginal Cost (MC) Quantity $7,500.00 $8,100.00 ($600.00) Revenue 120 40 Costs Quantity 60 Profit Instructions:...
Need help with this problem. Where do i plot the monopoly outcome on the graph and...
Need help with this problem. Where do i plot the monopoly
outcome on the graph and also answering the following questions. I
will rate. thanks!
8. Natural monopoly analysis The following graph shows the demand (D) for cable services in the imaginary town of Utilityburg. The graph also shows the marginal revenue (MR) curve, the marginal cost (MC) curve, and the average total cost (ATC) curve for the local cable company, a natural monopolist. On the following graph, use the...
The graph shows the demand curve for cable television. Assume that monopoly conditions apply. Demand What...
The graph shows the demand curve for cable television. Assume that monopoly conditions apply. Demand What is the firm's total revenue when selling cable television to 6 houses? 13 12 Price ($) - - total revenue: $ 6 5 What is the firm's marginal revenue from selling cable television to the 13th house? - 0 5 6 12 13 marginal revenue: $ Quantity (houses) The accompanying graph depicts a hypothetical monopoly. Follow instuctions 1–3 below to identify the monopoly's profits....
Question 29 1 pts Study the information located on the following graph. Using the graph select...
Question 29 1 pts Study the information located on the following graph. Using the graph select the statement that is an accurate statement? Price ATC MC AVC Po DD m 0 Q Quantity Production expansion should continue because MR is always less than MC. The profit maximizing rule is not P = MC because this is a perfectly competitive firm. The profit maximizing rule is not P = MR because this is a perfectly competitive firm. Expanding production will reduce...
Consider the local telephone company, a natural monopoly. The following graph shows the demand curve for...
Consider the local telephone company, a natural monopoly. The following graph shows the demand curve for phone services, the company's marginal revenue curve (labeled MR), Its marginal cost curve (labeled MC), and its average total cost curve (labeled ATC). You can hover over the points on the graph to see their exact coordinates. PRICE (Dollars per month) 200 180 ATC 160 140 120 100 Demand 80 60 40 MC 20 MR - 0 6 12 18 24 30 36 42...
3. Working with Numbers and Graphs 04 Consider a market with the following demand (D), marginal...
3. Working with Numbers and Graphs 04 Consider a market with the following demand (D), marginal revenue (MR), and marginal cost (MC- ATC) curves. 150 130 110 MC-ATO 30 F5 F6 2 3 4 5 -QWERTY Tab 150 120 MC ATC 1 MR 020 40 100 120 140 100 180 QUANTITY (Units) ゲ Esc F4 FS F6 F8 4 0 20 40 0100120 14 0 10 QUANTITY (Units) if the market is perfectly competitive, profit equalsS f the market is...
QUESTION 6 The diagram depicts the market situation for a monopoly pastry shop called BakeStop. Use the diagram to answer the following question Price 24 20 40 60 80 100 120 140 Quantity How much profit does BakeStop earn? Show and explain your work.
QUESTION 1 A monopoly O a takes the market price as given and earns small but positive profits. b.can set the price it charges for its output and earn unlimited profits. Occan set the price it charges for its output but faces a horizontal demand curve so it can earn unlimited profits. d. can set the price it charges for its output but faces a downward-sloping demand curve so it cannot earn unlimited profits. QUESTION 4 1.00000 points Drug companies...
The accompanying graph depicts a hypothetical monopoly. Follow instuctions 1-3 below to identify the monopoly's profits 1. Place point E at the monopoly's profit maximizing price and quantity 2. Move the average total cost (ATC) curve to a position that depicts the monopoly earning a positive profit 3. Place the area labeled Profit in the area of the graph that represents the monopoly's profit. 10 MC Profit ATC MR 0 1 2 3 45 6 7 89 10 Quantity (millons...
a)
b)
c)
The graph below depicts an industry that has been monopolized. 120 110 S 100 90 80 PRICE ($) 70 60 50 — 40 30 20 D MR 1 1 - - - 20 30 50 60 70 40 OUTPUT If this market is in equilibrium, the price = and output = Is there any deadweight loss? (yes or no) If a monopoly raised the price to $80, the approximate output be . At this new price, would...
Given the following diagranm Monopoly IGRAPH Regular Monopoly Natural Monopoly Off Off Show Deadweight Loss Show Economic Profit/Loss ($) Price, Average/Marginal Cost 225 200 175 150 125-- 100 ATC MC-AVC 75 50 25 MR 0 20 4060 80 100 120 140 160 180 Quantity (units per month) PROFIT CALCULATIONS SETTINGS Reset $125.00 Market Price (Pmkt) Cost Structure LoeMarginal Revenue (MR) High Cost $50.00 Cost $95.00 Marginal Cost (MC) Quantity $7,500.00 $8,100.00 ($600.00) Revenue 120 40 Costs Quantity 60 Profit Instructions:...
Need help with this problem. Where do i plot the monopoly
outcome on the graph and also answering the following questions. I
will rate. thanks!
8. Natural monopoly analysis The following graph shows the demand (D) for cable services in the imaginary town of Utilityburg. The graph also shows the marginal revenue (MR) curve, the marginal cost (MC) curve, and the average total cost (ATC) curve for the local cable company, a natural monopolist. On the following graph, use the...
The graph shows the demand curve for cable television. Assume that monopoly conditions apply. Demand What is the firm's total revenue when selling cable television to 6 houses? 13 12 Price ($) - - total revenue: $ 6 5 What is the firm's marginal revenue from selling cable television to the 13th house? - 0 5 6 12 13 marginal revenue: $ Quantity (houses) The accompanying graph depicts a hypothetical monopoly. Follow instuctions 1–3 below to identify the monopoly's profits....
Question 29 1 pts Study the information located on the following graph. Using the graph select the statement that is an accurate statement? Price ATC MC AVC Po DD m 0 Q Quantity Production expansion should continue because MR is always less than MC. The profit maximizing rule is not P = MC because this is a perfectly competitive firm. The profit maximizing rule is not P = MR because this is a perfectly competitive firm. Expanding production will reduce...
Consider the local telephone company, a natural monopoly. The following graph shows the demand curve for phone services, the company's marginal revenue curve (labeled MR), Its marginal cost curve (labeled MC), and its average total cost curve (labeled ATC). You can hover over the points on the graph to see their exact coordinates. PRICE (Dollars per month) 200 180 ATC 160 140 120 100 Demand 80 60 40 MC 20 MR - 0 6 12 18 24 30 36 42...
3. Working with Numbers and Graphs 04 Consider a market with the following demand (D), marginal revenue (MR), and marginal cost (MC- ATC) curves. 150 130 110 MC-ATO 30 F5 F6 2 3 4 5 -QWERTY Tab 150 120 MC ATC 1 MR 020 40 100 120 140 100 180 QUANTITY (Units) ゲ Esc F4 FS F6 F8 4 0 20 40 0100120 14 0 10 QUANTITY (Units) if the market is perfectly competitive, profit equalsS f the market is...
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