Quantity ofTotalProductOutputCostPrice0$250$30012602502290200335015044801005070050If the profit-maximizing pure monopolistwhose information is in the accompanyingtable is able to price discriminate, chargingeach customer the price associated witheach given level of output, how much profitwill the firm earn?

Step 1: Answer: To find out how much profit the monopolist will earn when practicing price…

Answered: Quantity of Total Product Output Cost…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please turn in an Excel spreadsheet and show the explication Assume a monopolist with: (a). P = 100 -40Q (b). TC = 50 +20Q Calculate the following at profit max: P, Q, TR, TC, Profit, Take a stab at calculating elasticity at profit max.
Check my work Problem 11-05 (algo) You are the manager of a monopoly. Your analytics department estimates that a typical consumer's inverse demand function for your firm's product is P=150-40Q, and your cost function is q) = 70Q a. Determine the optimal two-part pricing strategy. Per-unit fee: $ Fixed fee: $ b. How much additional profit do you earn using a two-part pricing strategy compared with charging this consumer a per-unit price?
A monopolist serves a market with five potential buyers, each of whom would buy at most one piece of the monopolist's good. Anna would be willing to pay up to £80 for it, Bob up to £90, Chloe up to £100, Dave up to £110 and Elizabeth up to £120. The monopolist's variable cost function is given in below table. Quantity Variable Costs 1 3. 4. 40 90 150 220 300 Price Marg. Revenue a) Indicate in the table which price the monopolist would want to charge for each given quantity. b) Find the marginal revenue for each quantity. c) Find the monopolist's profit maximising price under the assumption that he wants to produce anything at all. d) How large can the monopolist's fixed costs be such that he still wants to start producing at 1. D Focus 9°C Sun
the demand curve for a monopolist is 2p=100-q find total revenue average avenue and marginal revenue. at what value of q, mr= 0 also find the value of 0
A monopolist with total cost 500 - 100Q + 3Q2 and marginal cost MC = 6Q - 100 faces average revenue (demand) P = 2,000 - 2Q and hence marginal revenue MR = 2000 - 4Q. Calculate: (a) the quantity that the monopolist will sell (b) the price that the monopolist will charge (c) the competitive quantity (d) the competitive price (c) the deadweight loss from monopoly power
Under what circumstances should the government permit price discrimination? Also list a few items that have low utility and low prices
The demand curve for a monopolist is inelastic. Why?
100.00 90.00 80.00 70.00 60.00 50.00 40.00 30.00 20.00 10.00 $40 $20 $100 0 $60 2 4 MR Suppose that Vanessa who owns a Zumba fitness center in rural Indiana can identify her customers' demand. How much would she charge in order to achieve 1st degree (=perfect) price discrimination? MC ATC D 6 8 10 Quantity (clients per day)
Table 15-6 A monopolist faces the following demand curve: Quantity Price 1 $15 2 $12 3 $9 4 $6 5 $3 30. Refer to Table 15-6. What is the marginal revenue from the sale of the 3rd unit? -$3 $3 $9 $24
Hawkins Micro Brewery has a monopoly on Oatmeal stout in the local market. The inverse demand is P=50-5Q. The marginal revenue is MR=50-1Q. MC=5+5Q Calculate Hawkins profit-maximizing output. Calculate the producer surplus. Calculate the deadweight loss. Suppose the local government wants to impose a price ceiling. What is the optimal price ceiling? If Hawkins was able to practice perfect price discrimination what price would it charge? What is the new producer surplus?
Refer to the figure above. The profit-maximizing price for the monopolist is: $7 $8 $6 $5
Given the following Demand information for a Monopolist, calculate total revenue and marginal revenue for each price and quantity combination: Price Quantity Total Revenue Marginal Revenue $6.00 1 $5.00 2 $4.00 3 $3.00 4 $2.00 5

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