O O Use the following information for the next four (4) questions. Ally Gator. Inc is the sole producer of a unique toothache balm. The demand curve and the total cost schedule are shown below: Quantity Price ($) Quantity 0 1 2 3 4 5 6 7 A B OE $80 $72 $64 $56 $48 $40 $32 $24 $16 Total Cost($) 0 1 2 3 4 5 6 $80 $82 $88 $100 $124 $164 $208 $268 $340 21. What is the deadweight loss generated by Ally Gator when he acts as a monopolists and produces at less than the socially efficient level? a. $44 b. $42 c. $124 d. $36 e. $24
O O Use the following information for the next four (4) questions. Ally Gator. Inc is the sole producer of a unique toothache balm. The demand curve and the total cost schedule are shown below: Quantity Price ($) Quantity 0 1 2 3 4 5 6 7 A B OE $80 $72 $64 $56 $48 $40 $32 $24 $16 Total Cost($) 0 1 2 3 4 5 6 $80 $82 $88 $100 $124 $164 $208 $268 $340 21. What is the deadweight loss generated by Ally Gator when he acts as a monopolists and produces at less than the socially efficient level? a. $44 b. $42 c. $124 d. $36 e. $24
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Give type answer
![Question #21
Use the following information for the next four (4) questions.
Ally Gator. Inc is the sole producer of a unique toothache balm. The demand curve and the
total cost schedule are shown below:
Quantity
Price ($)
Quantity
O
0
1
2
3
4
5
6
7
8
O C
D
A
B
O E
$80
$72
$64
$56
$48
$40
$32
$24
$16
c. $124
d. $36
e. $24
Total Cost($)
0
1
2
3
4
5
6
7
8
$80
$82
$88
$100
$124
$164
$208
$268
$340
21. What is the deadweight loss generated by Ally Gator when he acts as a monopolists and produces
at less than the socially efficient level?
a. $44
b. $42](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0625242e-fedc-4268-8d86-2573a07a2a45%2Fd4832995-008c-4f5e-8b58-ed0bc58242de%2Fd985cjj_processed.png&w=3840&q=75)
Transcribed Image Text:Question #21
Use the following information for the next four (4) questions.
Ally Gator. Inc is the sole producer of a unique toothache balm. The demand curve and the
total cost schedule are shown below:
Quantity
Price ($)
Quantity
O
0
1
2
3
4
5
6
7
8
O C
D
A
B
O E
$80
$72
$64
$56
$48
$40
$32
$24
$16
c. $124
d. $36
e. $24
Total Cost($)
0
1
2
3
4
5
6
7
8
$80
$82
$88
$100
$124
$164
$208
$268
$340
21. What is the deadweight loss generated by Ally Gator when he acts as a monopolists and produces
at less than the socially efficient level?
a. $44
b. $42
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