Hello, I need some assistance answering this question and can you show me how you worked out the problem. Also, can you circle or put the answers to each question in bold so that I know which answer is for which question. Thank you Barbara is a producer in a monopoly industry. Her demand curve and total cost curve are given by Q = 160 - 4P and TC = 4Q.Barbara will produce 72v units.Barbara will charge a price of 22Barbara will make a profit of1296 vSuppose now the government imposes a tax of 4 dollars on each unit sold. With the tax:Barbara will produce 64v units.Barbara will receive a price per unit of 20v. Note: we're looking for the Barbara receives, not the price consumers pay (which will be higher).Barbara will make a profit of 1024In addition to the tax, suppose the government imposes a business levy (a fixed cost) of $500. With this levy:Barbara will produce 64v units.Barbara will charge a price of 20v. Note: we're looking for the Barbara receives, not the price consumers pay (which will be higher).Barbara will make a profit of 524

Monopoly refers to the market in which profit is maximized where the marginal revenue equals…

Barbara is a producer in a monopoly industry. Her demand curve and total cost curve are given by Q = 160 - 4P and TC = 4Q. Barbara will produce 72 v units, Barbara will charge a price of 22 Barbara will make a profit of 1296 v

Barbara is a producer in a monopoly industry. Her demand curve and total cost curve are given by Q = 160 - 4P and TC = 4Q. Barbara will produce 72 v units, Barbara will charge a price of 22 Barbara will make a profit of 1296 v

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Hello, I need some assistance answering this question and can you show me how you worked out the problem. Also, can you circle or put the answers to each question in bold so that I know which answer is for which question. Thank you

Barbara is a producer in a monopoly industry. Her demand curve and total cost curve are given by Q = 160 - 4P and TC = 4Q.
Barbara will produce 72
v units.
Barbara will charge a price of 22
Barbara will make a profit of
1296 v
Suppose now the government imposes a tax of 4 dollars on each unit sold. With the tax:
Barbara will produce 64
v units.
Barbara will receive a price per unit of 20
v. Note: we're looking for the Barbara receives, not the price consumers pay (which will be higher).
Barbara will make a profit of 1024
In addition to the tax, suppose the government imposes a business levy (a fixed cost) of $500. With this levy:
Barbara will produce 64
v units.
Barbara will charge a price of 20
v. Note: we're looking for the Barbara receives, not the price consumers pay (which will be higher).
Barbara will make a profit of 524

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