Price2624MC2220181614121086420012RegulatedpriceDMRQuantity5 6 7 8 9 10 11 12 13 14 15Please answer the following questions based on the graph given above, which is for amonopoly firm.(a) What price will an unregulated monopoly charge?(b) What quantity will an unregulated monopoly produce?(c) If the regulated price is $10 per unit, how many units will the regulated monopolyproduce?(d) What is the quantity demanded at the regulated price of $10? Is there a surplus or ashortage or neither at the regulated price?2. (5 points) You are an industry analyst who specializes in an industry where the marketinverse demand is P=200-4Q. The Marginal Revenue is MR = 200 - 8Q. The externalmarginal cost of producing the product is MC External = 6Q, and the internal marginal cost isMC Internal = 12Q.(a) What is the socially efficient level of output? Please show your calculations.(b) Given these costs and market demand, how much output would a monopolist produce? Pleaseshow your calculations.(c) Discuss any one policy the government might implement to induce firms in thisindustry to produce the socially efficient level of output.

1. Monopoly Firm Graph AnalysisBased on the graph provided:(a) Unregulated Monopoly Price:- An…

Answered: Price 26 24 MC 22 20 18 16 14 12 10 8 6…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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SA 23 20 15 13 7 1200 1800 What is the monopolist's profit maximizing quantity? MR The graph shows the demand, marginal revenue, marginal cost and average total cost curves when there is a monopoly in the internet industry. Answer the following questions by entering only numbers found on the above graph. What price will the monopolist charge when it's producing its profit maximizing quantity? MC ATC How much profit does the monopolist earn when it's maximizing its profit? If the government were to regulate the monopolist by forcing the monopolist to set its P = MC, would the monopolist operate? (Enter either YES or NO)
E1
B) The table below shows the information on quantity, price and cost of a monopolist. Assume that the fixed cost is $20, Quantity Price Total Variable Cost 10 $9 $20 20 8 $60 30 $7 $120 40 S6 $200 50 $5 $300 60 $4 $420 Determine the optimal output of the firm and compute the profit or loss of the firm at the optimal output. At what price will the monopolist exit from the industry?
ev Quantity, price, total revenue, and total cost for a monopoly firm that produces cement are listed in the table below. Quantity, (Q) (tons) Price (P) Total Revenue (TR) Total Cost (TC) 1 $1,300 $1,300 $900 2 $1,215 $2,430 $980 3 $1,130 $3,390 4 $1,045 $4,180 5 $960 $4,800 6 $875 $5,250 7 $790 $5,530 Determine the firm's profit-maximizing price. Write the exact answer. Do not round. Answer S $1,100 $1,270 $1,510 $1,960 $2,560
Q26 and Q 27
Please no written by hand and no emage
1
Study the diagram below, in which the monopoly depicted is maximising profit and answer the question What is the total profit?a) R3b) R4c) R6d) R9
Solution?
4. A monopolist is faced with the following cost and revenue curves: $ 80 70 60 50 40 30 20 10 0 -10 0 -20 100 200 300 400 FMC 500 AC AR 600 MR Quantity (a) What is the maximum-profit output?. (b) What is the maximum-profit price? (c) What is the total revenue at this price and output? (d) What is the total cost at this price and output? (e) What is the level of profit at this price and output? (f) If the monopolist were ordered to produce 300 units, what would be the market price? (g) How much profit would now be made? (h) If the monopolist were faced with the same demand, but average costs were constant $60 per unit, what output would maximise profit? (i) What would be the price now? (j) How much profit would now be made? (k) Assume now that the monopolist decides not to maximise profits, but instead sets a price of $40. How much will now be sold?.
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
19. A monopoly is a market in which there is only one seller. This situation hurts consumers (buyers). But how, precisely? Explain the things that a monopoly does that hurt consumers.

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