5. Consider the MONOPOLY depicted where demand is given by Pb = 107 - 7 Qb and the Monopolist's MC = 25. How much DWL is caused by the MONOPOLY? Answer: your answer Submit Price ($) $ 120 $100 $80 $60 $40 $20 $0-0 0 Origin 2 Demand 6 Marg. Rev. 8 Quantity 10 Mon. Eqm 12 MC 14 16

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Please do not answer question in image but draw supply and demand graph.  Please include all relevant
details like the axes labels.
equilibrium price:
market equilibrium quantity:
Calculate CS under competition:
Calculate PS under competition:
Calculate TS under competition:

5.
Consider the MONOPOLY depicted where demand is given by Pb = 107 - 7 Qb and the
Monopolist's MC = 25. How much DWL is caused by the MONOPOLY?
Answer: your answer
Submit
Price ($)
$ 120
$ 100
$80
$60
$40
$20
$0-
0
CCCCCCCCCCCC
Origin
2
Demand
4
(CCCCCCCCCCCCCCCCCCCCo
6
Marg. Rev.
8
Quantity
10
Mon. Eqm
12
MC
14
16
Transcribed Image Text:5. Consider the MONOPOLY depicted where demand is given by Pb = 107 - 7 Qb and the Monopolist's MC = 25. How much DWL is caused by the MONOPOLY? Answer: your answer Submit Price ($) $ 120 $ 100 $80 $60 $40 $20 $0- 0 CCCCCCCCCCCC Origin 2 Demand 4 (CCCCCCCCCCCCCCCCCCCCo 6 Marg. Rev. 8 Quantity 10 Mon. Eqm 12 MC 14 16
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