4. A firm faces the following demand and total cost schedules, with all quantities listed on a per-month basis. Suppose that it is required to produce a whole number of items each month. MR Profit Demand P TR а $20 1 18 2 15 3 12 4 8 5 Total Cost MC Q TC 1 $5 2 15 3 30 4 50 5 75 g) How much does the firm produce, and at what price? How do you know? h) Suppose that the firm is subject to an excise tax of $8 per item sold. How much does it produce, and at what price? How do you know? i) Suppose, instead, that the firm is subject to a tax of $20 per month, regardless of how much it produces. How much does it produce, and at what price? How do you know? j) Suppose, instead, that the firm is subject to a tax of $25 per month, regardless of how much it produces. How much does it produce, and at what price? How do you know?

4. A firm faces the following demand and total cost schedules, with all quantities listed on a per-month basis. Suppose that it is required to produce a whole number of items each month. MR Profit Demand P TR а $20 1 18 2 15 3 12 4 8 5 Total Cost MC Q TC 1 $5 2 15 3 30 4 50 5 75 g) How much does the firm produce, and at what price? How do you know? h) Suppose that the firm is subject to an excise tax of $8 per item sold. How much does it produce, and at what price? How do you know? i) Suppose, instead, that the firm is subject to a tax of $20 per month, regardless of how much it produces. How much does it produce, and at what price? How do you know? j) Suppose, instead, that the firm is subject to a tax of $25 per month, regardless of how much it produces. How much does it produce, and at what price? How do you know?

Power System Analysis and Design (MindTap Course List)

6th Edition

ISBN:9781305632134

Author:J. Duncan Glover, Thomas Overbye, Mulukutla S. Sarma

Publisher:J. Duncan Glover, Thomas Overbye, Mulukutla S. Sarma

Chapter3: Power Transformers

Section: Chapter Questions

Problem 3.30P: Reconsider Problem 3.29. If Va,VbandVc are a negative-sequence set, how would the voltage and...

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