QUESTION 3 You are considering subscribing to ESPN+. You are willing to pay up to $83 per year for a subscription. The current annual price is $26. Calculate your consumer surplus under these circumstances. QUESTION 4 은 180 168 156 144 132 120 108 96 84 72 60 48 36 24 12 0 0 45 90 135 180 225 270 315 360 405 450 495 540 585 630 675 Quantity -PMRMC-AC A monopoly face the following demand, marginal revenue and marginal cost functions Note that in this case MC(Q) = AC(Q) for all Q. 19,440 O 19,100 O 14,500 Calculate the monopoly's profits if the monopoly charges the single profit maximizing price O 18.550
QUESTION 3 You are considering subscribing to ESPN+. You are willing to pay up to $83 per year for a subscription. The current annual price is $26. Calculate your consumer surplus under these circumstances. QUESTION 4 은 180 168 156 144 132 120 108 96 84 72 60 48 36 24 12 0 0 45 90 135 180 225 270 315 360 405 450 495 540 585 630 675 Quantity -PMRMC-AC A monopoly face the following demand, marginal revenue and marginal cost functions Note that in this case MC(Q) = AC(Q) for all Q. 19,440 O 19,100 O 14,500 Calculate the monopoly's profits if the monopoly charges the single profit maximizing price O 18.550
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter3: Demand Analysis
Section: Chapter Questions
Problem 4E
Related questions
Question
![QUESTION 3
You are considering subscribing to ESPN+. You are willing to pay up to $83 per year for a subscription. The current annual price is $26. Calculate your consumer surplus under these circumstances.
QUESTION 4
180
168
156
144
132
120
108
96
84
72
60
48
36
24
12
0
0
45
90
135
180
225
270 315 360 405 450 495 540 585 630 675
Quantity
P -MR---MC=AC
A monopoly face the following demand, marginal revenue and marginal cost functions
Note that in this case MC(Q)= AC(Q) for all Q.
Calculate the monopoly's profits if the monopoly charges the single profit maximizing price
O 18,550
O 19,440
O 19,100
O 14,500](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F02b9a06c-9d22-465c-926d-895673fa43d7%2F17c88d97-6b84-4a23-9445-8994173cf664%2Fr0mhuip_processed.png&w=3840&q=75)
Transcribed Image Text:QUESTION 3
You are considering subscribing to ESPN+. You are willing to pay up to $83 per year for a subscription. The current annual price is $26. Calculate your consumer surplus under these circumstances.
QUESTION 4
180
168
156
144
132
120
108
96
84
72
60
48
36
24
12
0
0
45
90
135
180
225
270 315 360 405 450 495 540 585 630 675
Quantity
P -MR---MC=AC
A monopoly face the following demand, marginal revenue and marginal cost functions
Note that in this case MC(Q)= AC(Q) for all Q.
Calculate the monopoly's profits if the monopoly charges the single profit maximizing price
O 18,550
O 19,440
O 19,100
O 14,500
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