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If the inverse demand function for toasters is p 100-Q, what is the consumer surplus if...
If the inverse demand function for toasters is p=70-Q, what is the consumer surplus if price is $25? The consumer surplus is (round your answer to two decimal places)
1. Consumer Surplus a. The inverse demand curve facing a firm is p = a – bQ. Ifp = - determine the consumer surplus. This will be a general equation. b. This general equation may seem abstract. Recall that in general, consumer surplus is the area under the demand curve and above the price. Let a = 100, p = - = 50, and Q = 100. Solve for consumer surplus using the basic 12(Base*Height) formula. Then solve using the...
*2.2 If a monopoly faces an inverse demand function of p = 90 − Q , p=90−Q, has a constant marginal and average cost of 30, and can perfectly price discriminate, what is its profit? What are the consumer surplus, total surplus, and deadweight loss? How would these results change if the firm were a single-price monopoly?
A monopolist has a total cost function TC = 8Q2 + 100. The inverse demand function for the monopolist is P = 18- Q. What is the optimal price for the monopolist and what is consumer surplus
The inverse demand curve a monopoly faces is p equals 100 minus Upper Qp=100−Q. The firm's cost curve is Upper C left parenthesis Upper Q right parenthesis equals 50 plus 5 Upper QC(Q)=50+5Q. What is the profit-maximizing solution? The profit-maximizing quantity is (Round your answer to two decimal places.) The profit-maximizing price is (round your answer to two decimal places.)
Consider the inverse demand curve: p 80 2Q. Assume the market price is $10.00. Calculate consumer surplus at the equilibrium market price and quantity. Consumer surplus (CS) is (Enter your response rounded to two decimal places.)
The inverse demand curve a monopoly faces is p = 100-2Q. The firm's cost curve is C(Q)=30+6Q. What is the profit-maximizing solution? The profit-maximizing quantity is _____. (Round your answer to two decimal places.) The profit-maximizing price is $_____ (round your answer to two decimal places.)
now p
Suppose that the Supply and Demand of maple syrup are given by Q = 100-P Q = 17 + 8 P If the government sets a binding price floor at P=$80.39, what will be the value of Consumer Surplus? Round your answer to two (2) decimal places if necessary
1. Consider a market with inverse demand P(Q) = 100 Q and two firms with cost function C(q) = 20q. (A) Find the Stackelberg equilibrium outputs, price and total profits (with firm 1 as the leader). (B) Compare total profits, consumer surplus and social welfare under Stackelberg and Cournot (just say which is bigger). (C) Are the comparisons intuitively expected? 2. Consider the infinite repetition of the n-firm Bertrand game. Find the set of discount factors for which full collusion...
Inverse demand for a good is given by the function p = 55 – 3q and inverse supply is given by the function p = 10 + 2q. The resulting per-unit price is $28, and the quantity supplied and demanded is 9. The government now sets a price ceiling of $26, and for simplicity. assume that any goods produced are sold to consumers with the highest willingness to pay. What is the resulting consumer surplus? * 121.5 (Round to the...