1. Fill-up the following table relating to monopoly operations and regulations given the following total cost and inverse demand functions: Total Cost: TC= Q? + 100; Inverse Demand: P = 120 – Q No Regulation MC-Pricing (MC = P*) w/ Lump Sum Таx (Т %3D 75) w/ Specific Tax (t = 10) %3D Profit Equation Q* P* TR at Q* TC at Q* Profit at Q* Тах Revenue Consumer Surplus Producer Surplus Deadweight Loss 2. Choose one type of regulation you analyzed in #1 and graphically illustrate the results.

1. Fill-up the following table relating to monopoly operations and regulations given the following total cost and inverse demand functions: Total Cost: TC= Q? + 100; Inverse Demand: P = 120 – Q No Regulation MC-Pricing (MC = P) w/ Lump Sum Таx (Т %3D 75) w/ Specific Tax (t = 10) %3D Profit Equation Q P* TR at Q* TC at Q* Profit at Q* Тах Revenue Consumer Surplus Producer Surplus Deadweight Loss 2. Choose one type of regulation you analyzed in #1 and graphically illustrate the results.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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