please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly (For this question you have 9 attempts - You may think of this as having 3 attempts for each subpart)Suppose aggregate demand is given byQ(p)= 375Pand that consumers in this market are served by a monopoly producer with a cost function ofa. Solve for the monopoly quantity.b. Solve for the monopoly price.c. Solve for the monopoly profit.C(q)= 126+2q + 1q2дм=

a. To solve for the monopoly quantity, we need to find the quantity that maximizes the monopoly's…

Answered: (For this question you have 9 attempts…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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You are the manager of a monopoly, and your analysts have estimated your demand and cost functionsas P = 300 − 3Q and C(Q) = 2, 000 + 2Q2, respectively.(a) What price-quantity combination maximizes your firm’s profits?(b) Calculate the maximum profits.(c) Is demand elastic, inelastic, or unit elastic at the profit maximizing price-quantity combination?(d) What price-quantity combination maximizes revenue?(e) Calculate the maximum revenues.(f) Is demand elastic, inelastic, or unit elastic at the revenue maximizing price-quantity combination?
Mustapha maintains a monopoly in the holographic TV market because of its patent, but it is about to expire. The market demand and Mustapha's production cost are given by: P = 100 -0.50 and TC = 100+ 0.5Q² The market price is decimal place). The market quantity is or decimal place). The monopoly profit is sign, comma or decimal place). (please put your answer in numerical values without any dollar sign, comma or (please put your answer in numerical values without any comma (please put your answer in numerical values without any dollar
"Vitamin Strong" has the monopoly on the production of vitamin C. It faces geographically separated markets, denoted A and B. The demand on these two markets are respectively QA = 1-PA and QB = 0.5 - PB. The transport and production costs are zero for simplicity. Suppose that the firm chooses to set a local prices for each of the two markets. In this case the optimal prices are PA = and PB=... and would supply A-- and QB=_______ (All numeric ==== answers rounded to two decimals) Blank # 1 Blank # 2 Blank # 3 Blank # 4 N N N A
Your mom is the monopoly supplier of jokes in (humorless) Ho Hum. She faces a demand curve and a marginal cost curve given by following equations Demand: Q = 100 – 0.19P jokes per day Marginal Cost: MC= 80 dollars per joke Assume that jokes are perfectly divisible.
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A monopolist can produce at constant average and marginal costs of AC = MC = 5. The firm faces a market demand curve given by Q = 55 – P.(a) Calculate the profit-maximizing price-quantity combination for the monopolist. Also calculate the monopolist’s profits. Graph the relevant functions to illustrate these.(b) What output level would be produced by this industry under perfect competition (where price = marginal cost)? Indicate this on the graph.(c) Calculate the consumer surplus obtained by consumers in case (b). Show that this exceeds the sum of the monopolist’s profits and the consumer surplus received in case (a). What is the value of the deadweight loss from monopolisation? Indicate these on the graph. Please can you help with the graph, kind regards
Consider the relationship between monopoly pricing and the price elasticity of demand. If demand is inelastic and a monopolist raises its price, quantity would fall by a percentage than the rise in price, causing profit to Therefore, a monopolist will produce a quantity at which the demand curve is elastic. Use the purple segment (diamond symbols) to indicate the portion of the demand curve that is inelastic. (Hint: The answer is related to the marginal- revenue (MR) curve.) Then use the black point (plus symbol) to show the quantity and price that maximizes total revenue (TR). (? 10 Demand Inelastic Demand 6 5 Max TR 3 2 1 -1 -2 Marginal Revenue -3 -4 1 2 3 4 5 7 8 9 10 Quantity
A monopoly sells 30 units of output when price Ksh 12 and 40 units when price is Ksh 10. If its demand schedule is linear, what is the specific form of the actual demand function? Use this function to predict quantity sold when price is Ksh 8. What domain restrictions would you put on this demand function?
Only need the graphs 3) A monopolist sells a product in two separate markets at different prices; i.e., he price discriminates. The demand curves in these markets are: PA= 100 - QA and Pg = 60 - 0.5 QB His average cost function (ATC) is: ATC = Q + 100/Q where Q = QA + QB In your calculations, let it be defined as profit. (Hint: Find an equation for it. Then replace with QA+ Qe. Then, maximize with respect to QA and QB.) a) Use Cramer's Rule to find the profit maximizing quantities QA* and Q8*. (If you absolutely do not remember Cramer's rule, do it any way you can.) You do NOT have to check second derivative conditions for a maximum. b) Find the maximum profit, T* c) Find ATC*(Q) where Q*= QA*+ QB* d) Graph the solution, as we did in HW6. You should have two graphs of demand curves and one graph of cost curves. The following page has a sample set of graphs that you can use as a guide, with all labels and coordinates missing. Label the curves and lines in each graph. On…
can you please answer 4 to 6
Question is in the attached image. Thank you!
1. Consider a monopoly firm with the total cost functionC(q) = 120 + 6qand the inverse market demandp(Q) = 90 − 2Q(a) What quantity will this firm sell? What price will they charge? Whatwill their profit be?(b) What would be the efficient quantity for this monopoly to produce?How much deadweight loss do they create?(c) Do you expect a firm with this sort of cost function to typically be amonopoly? Why or why not?2. Pretend it’s 2005 and people still use iPods. All iPod owners consideronly two options for downloading music to their MP3 players: purchasesongs from iTunes, or copy songs from friends’ CDs (it’s 2005, so peoplestill own CDs, too). With these two options, suppose the weekly inversemarket demand for the song “All These Things That I’ve Done” by TheKillers (remember, it’s 2005) isp = 1.98 − 0.00198QSuppose the marginal cost to Apple of you downloading a song is zero.(a) What is Apple’s optimal price of “All These Things That I’ve Done”?(b) How many downloads of “All These…

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