日90- P Search Jared Holloway JH AutoSave ff Unit 11 In-Class Exercise - FINAL (1) - File Home Insert Draw Design Layout References Mailings Review View Help 合 Share P Comments Marginal Cost 4 Demand Marginal Revenue 3 8. 9. 10 Quantity 3) Find the marginal benefit curve and identify the efficient price and quantity. Why is this combination of price and quantity efficient? $1, 8 units : this is efficient because consumers consume at the same price as equilibrium 4) What is the price and quantity if Keurig acts as a monopolist? 5) Shade in consumer surplus, producer surplus, and deadweight loss when Keurig is a monopolist. Does the monopoly increase total surplus or decrease total surplus? Page 2 of 3 380 words O Focus 110% 2:12 PM P Type here to search ロG) 4/23/2020

日90- P Search Jared Holloway JH AutoSave ff Unit 11 In-Class Exercise - FINAL (1) - File Home Insert Draw Design Layout References Mailings Review View Help 合 Share P Comments Marginal Cost 4 Demand Marginal Revenue 3 8. 9. 10 Quantity 3) Find the marginal benefit curve and identify the efficient price and quantity. Why is this combination of price and quantity efficient? $1, 8 units : this is efficient because consumers consume at the same price as equilibrium 4) What is the price and quantity if Keurig acts as a monopolist? 5) Shade in consumer surplus, producer surplus, and deadweight loss when Keurig is a monopolist. Does the monopoly increase total surplus or decrease total surplus? Page 2 of 3 380 words O Focus 110% 2:12 PM P Type here to search ロG) 4/23/2020

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter22: Frontiers Of Microeconomics

Section: Chapter Questions

Problem 6PA

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