Price 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 0 01 6 N 8 3 The accompanying graph depicts the demand and marginal revenue (MR) curves in a market | served by a monopolist. The monopolist faces a constant marginal cost of $4. MR Demand 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Quantity What quantity will the monopolist produce to maximize its profits? Question 14 options: 12

Price 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 0 01 6 N 8 3 The accompanying graph depicts the demand and marginal revenue (MR) curves in a market | served by a monopolist. The monopolist faces a constant marginal cost of $4. MR Demand 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Quantity What quantity will the monopolist produce to maximize its profits? Question 14 options: 12

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter9: Monopoly

Section: Chapter Questions

Problem 33P: Draw a monopolists demand curve, marginal revenue, and marginal cost curves. Identify the...

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O OO The above graph shows the market demand function for a product. Assume that the market is served by a perfectly-price-discriminating monopolist with a constant marginal cost of production equal to $4 (MC = $4) and no fixed cost (FC = 0). The deadweight loss equals: DWL - $72 DWL - $0 DWL- -$48 DWL - $84 DWL-$36 $30 $28 $26 $24 $22 $20 Question 23 $18 $16 $14 $12 $10 $8 $6 $4 $2 $0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
28 $55 $50 $45 MC АТС I of $40 $35 $30 $25 $20 Demand = P $15 $10 $5 $0 MR 40 80 120 160 200 240 Output (Q) The diagram above shows the Demand, MR, and cost curves for a monopolist in the short-run. At the profit maximizing Output (Q) level, the monopolist will earn a Total Profit of: Sel one: а. $1,200 b. $2,200 c. $800 d. $2,000 $$
SA 23 20 15 13 7 1200 1800 What is the monopolist's profit maximizing quantity? MR The graph shows the demand, marginal revenue, marginal cost and average total cost curves when there is a monopoly in the internet industry. Answer the following questions by entering only numbers found on the above graph. What price will the monopolist charge when it's producing its profit maximizing quantity? MC ATC How much profit does the monopolist earn when it's maximizing its profit? If the government were to regulate the monopolist by forcing the monopolist to set its P = MC, would the monopolist operate? (Enter either YES or NO)
Question 30 Price 30 MC 23 20 15 ATC 12 10 D 9 12 15 \MR Quartity The graph above describes the market for a monopolist. What would be the consumer surplus (CS) and deadweight loss (DWL) at the profit-maximizing level of output? CS= $75; DWL= $12 CS= $60; DWL=$24 CS= $60; DWL= $12 CS= $75; DWL=$24
Price οι οιοιο $20 $18 $16 $14 $12 $10 $8 O $8. $0 MC 0 300 600 700 800 Quantity per day Refer to the graph shown. Assuming that this monopolist maximizes profit, the marginal cost of its last unit of output will be: O $16. O $10. $12. AC D
Price of laptops 1250 25 1000 50 750 75 500 100 250 125 Refer to the table shown, which shows the demand schedule for a firm that has a monopoly on the sale of laptops. If the marginal cost of producing laptops is $250 no matter how many laptops are produced and the monopolist seeks to maximize profit, it should set the price of laptops at: O 500 O Quantity Demanded per Year 1000 750 250
$6.00 $4.50 МС АТC $3.50 $3.00 $2.50 $2.00 $1.00 MR 10 20 30 40 50 60 70 80 90 Quantity If the government regulates the monopolist to produce the allocatively efficient quantity and provides a subsidy sufficient to maintain zero econornic profits for the firm, what price would the government set and what level of output would the firm produce? $1.00 and 50 в $2.00 and 80 $3.00 and 50 D $3.50 and 50 E $4.50 and 30 P Type here to search 21/04 8 Price, Cost