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.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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