1. Fill-up the following table relating to monopoly operations and regulations given the following total cost and inverse demand functions: Total Cost: TC = Q² + 100; Inverse Demand: P = 120 – Q No Regulation MC-Pricing (MC= P*) w/ Lump Sum Tax (T= 75) w/ Specific Tax (t=10) %3D Profit Equation Q* P* 30 30 27.5 92.5 40 90 80 90

1. Fill-up the following table relating to monopoly operations and regulations given the following total cost and inverse demand functions: Total Cost: TC = Q² + 100; Inverse Demand: P = 120 – Q No Regulation MC-Pricing (MC= P) w/ Lump Sum Tax (T= 75) w/ Specific Tax (t=10) %3D Profit Equation Q P* 30 30 27.5 92.5 40 90 80 90

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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