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.

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Monopoly

Section: Chapter Questions

Problem 1CQQ

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