Solve part (i) only i.e Answer 9 onlyDear expert bro hand written not allowed. A monopolist possesses the cost curves:TC=Q²+80Q+90000, MC-2Q+80. The market demand isP=1100-Q.(a) To maximize profit, the monopolist charges$[Answer1].Answer for part 1(b) Continue above, the deadweight loss is $[Answer2].Answer for part 2(c) If the government imposes a price ceiling at $700. Themonopoly will earn a profit of $[Answer3]. (Hint: Becareful with where MR(Q)>=MC(Q) in price ceiling case.)Answer for part 3(d) Suppose the government instead imposes a priceceiling to completely eliminate deadweight loss in theshort run. The monopolist will earn a profit of$[Answer4].Answer for part 4(e) Ignore price ceiling. Suppose the marginal cost ofproduction is increased by $20 per unit sold. Themonopolist will earn a profit of $[Answer5]. (Hint: Whatare the new TC and MC curves?)Answer for part 5(f) Suppose instead only the fixed cost of production isincreased by $20000. The monopolist will produce earna profit of $[Answer6]. (Hint: What are the new TC andMC curves?)Answer for part 6(g) Suppose instead the government provides a $20 per-unit subsidy to the monopoly. The monopolist will earn aprofit of $[Answer7]. (Hint: What are the new TC and MCcurves?)Answer for part 7(h) Suppose instead the government provides a $20 per-unit subsidy to consumers. The monopolist will earn aprofit of $[Answer8].Answer for part 8(i) Suppose instead the government wants to completelyeliminate deadweight loss. It can do so by providing per-unit subsidy of $[Answer9] to consumers.Answer for part 9Teach me Answer 9, please

Deadweight loss in economics leads to a market efficiency, when the demand and supply forces do not…

Answered: (i) Suppose instead the government…

(i) Suppose instead the government wants to completely eliminate deadweight loss. It can do so by providing per- unit subsidy of $[Answer9] to consumers. Answer for part 9 Teach me Answer 9, please

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter9: Monopoly

Section: Chapter Questions

Problem 11SQ

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