Gargantuan Enterprises has a monopoly in the production of antimacassars. Its factory is located in the town of Pantagruel. There is no other industry in Pantagruel, and the labor supply equation there is W = 10+0.1L, where W is the daily wage and L is the number of person-days of work performed. Antimacassars are produced with a production function, Q = 10L, where L is daily labor supply and Q is daily output. The demand curve for antimacassars is P = 66 − Q/900, where P is the price and Q is the number of sales per day. The firm's profit-maximizing output is closest to: 15,400 antimacassars. Please explain step by step how we found 15,400.

A monopoly produces widgets at a marginal cost of $10 per unit and zero fixed costs. It faces an inverse demand function given by P = 50 - Q. What is the profit under monopoly?

Suppose a manager is faced with the following demand curve for a new software application in a monopoly market, Q = 200 - 50P and the short run total cost function is TC = 2Q + Q2 / 30 If the manager is able to maximize the firms' profit in this monopoly market, what is the total profit value?

You own a road resurfacing business called Dahyun Bricks services located in Seoul. You are the only reservicing business in South Korea. Therefore, you have a local monopoly. Your experience running the company for many years has taught you that market demand for your service can be described by the demand function: p = 20 - Q. The cost function is c =q². Therefore, marginal cost equals 2q. Quantity refersto square metre of road resurfacing. Note the Q denotes aggregate market demand and q denotes your production. Of course, if you are the only supplier than q = Q. a) Compute profit maximising price and output. Compute profits. b) The monopoly profit that you have been earning has attracted attention from another firm that will set up operations in South Koreaand compete for market share. You are concerned with losing market share and profit. So, you offer the potential entrant the following deal. Both firms agree to maximise industry profits (joint profits). The potential entrant…

You are the manager of a monopoly and your cost function is C(Q) =2Q.  You need to determine the optimal level of output for your firm, but the demand for your firm’s product will depend on whether or not a new tax law is passed.  If passed, the new tax law will reduce income taxes and increase consumers’ disposable income.  Politicians have determined that there is a 70% chance that the tax law will be passed and a 30% chance that will not.  If the tax law is passed, the demand for your firm’s product will be:   Q = 100 – 2P If the tax law is not passed, the demand for your firm’s product will be:  Q = 75 – 3P How much output should you produce to maximize expected profits? q=45 What is the expected price for your product? (Round to one decimal place) What are your anticipated profits? (Round to the nearest whole number)

You are the manager of a monopoly. A typical consumer's inverse demand function for your firm's product is P = 250- 4Q, and your cost function is TC = 10Q. A. MC is fixed and is equal to $10 (MC=AC=S). MR=250-8Q. (P=price, Q=quantity of output, TC=total cost, MC=marginal cost, MR=marginal revenue, S=supply) What price the company should choose to get maximum profit if the company will use ordinary pricing strategy? Now suppose the company is thinking about using price discrimination for lower income group of customers. If the company will offer discount of $30 in price to the lower income groups how much additional profit will the company earn? Illustrate graphically. Explain the conditions needed to apply the price discrimination strategy?

You are the manager of a monopoly, and your demand and cost functions are given by P = 300 – 3Q and C(Q) = 1,500 + 2Q2, respectively. What price-quantity combination maximizes your firm’s profits? Calculate the maximum profits. Is demand elastic, inelastic, or unit elastic at the profit-maximizing price-quantity combination? What price-quantity combination maximizes revenue? Calculate the maximum revenues? Is demand elastic, inelastic, or unit elastic at the revenue-maximizing price-quantity combination?

Consider a monopoly that faces the demand curve P = 20 − Q, and has the marginal cost curve MC = 2. a) Use the demand curve to find the equation of the marginal revenue curve. b) Find the profit-maximizing price and quantity for this monopoly if the monopoly uses uniform pricing. What is the producer surplus? c) Now, suppose the monopoly wants to increase profits using block pricing. The total cost the monopoly incurs is T C = 2Q. Find the optimal quantities, Q1 and Q2, and their corresponding optimal prices, P1 and P2 that maximize profits using a two-block pricing scheme. What is the new producer surplus? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

A monopoly produces widgets at a marginal cost of $10 per unit and zero fixed costs. It faces an inverse demand function given by P = 50 - Q. what are the profits of the monopoly in the equilibrium

An upstream monopoly sells the good x to a downstream monopoly. The downstream monopoly uses this good as an input to produce its output y. The production function of the downstream monopoly is y = x. The downstream monopoly sells its output to final consumers whose aggregate demand curve is y = 12 − p. The upstream monopoly's cost function is c (x)=2x.   1. Find the quantity x the upstream monopoly sells to the downstream monopoly and the quantity y the downstream monopoly sells to the 1 final consumer. Find also the price k the upstream monopoly charges the downstream monopoly and the price p the downstream monopoly charges the final consumers. Compute the profits of each monopoly.