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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 = 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
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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I need an urgent response answer for this! Answer only the Profit Equation in the given table below. Fill in your answers in the table. Type only the answer, do not handwritten. Show your solutions if necessary.
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 w/ Lump Sum Tax (T = 75) w/ Specific Tax |(t=10) No Regulation MC-Pricing |(MC=P*) %3D Profit Equation 30 90 40 30 27.5 80 90 92.5 TR at Q* TC at Q* Profit at Q* Tax Revenue Consumer Surplus Producer Surplus Deadweight Loss 2700 3200 2700 2543.75 1000 1700 1000 1131.25 1700 1500 1700 1412.5 275 378.125 1512.5 750 75 450 800 450 1800 1600 1800 150 150
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 = Q² + 100; Inverse Demand: P = 120 – Q w/ Lump Sum Tax (T = 75) w/ Specific Tax |(t=10) No Regulation MC-Pricing |(MC=P*) %3D Profit Equation 30 90 40 30 27.5 80 90 92.5 TR at Q* TC at Q* Profit at Q* Tax Revenue Consumer Surplus Producer Surplus Deadweight Loss 2700 3200 2700 2543.75 1000 1700 1000 1131.25 1700 1500 1700 1412.5 275 378.125 1512.5 750 75 450 800 450 1800 1600 1800 150 150
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