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
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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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
MC-Pricing
(MC = P*)
No Regulation
w/ Lump Sum
Таx (Т %3D 75)
w/ Specific Tax
(t = 10)
Profit
Equation
Q*
P*
TR at Q*
ТC 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.
Transcribed Image Text: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 MC-Pricing (MC = P*) No Regulation w/ Lump Sum Таx (Т %3D 75) w/ Specific Tax (t = 10) Profit Equation Q* P* TR at Q* ТC 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.
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