Review the graph at right.MonopolyWhat is the unregulated monopoly price? $ (enter your response as a whole100-number)90-MCWhat is the unregulated monopoly output? (enter your response as a whole80-number)70-PES0060-The total unregulated welfare (CS + PS) is $. (round your answer to the nearestpenny)5040-tMicEs3d30-What is the optimal monopoly regulated price? $ (enter your response as awhole number)20-The total regulated welfare (CS + PS) is $. (round your answer to the nearestpenny)10-Q=3 MR40 50 60Quantity20 3070 80 90 10010tv20MacBook AirS0DIIF2F3F4F5F6F8F9@#$&1234589QWEY|ASDFGHKCVBNMFoncommand

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Review the graph at right. Monopoly What is the unregulated monopoly price? (enter your response as a whole 100- number) 90- MC What is the unregulated monopoly output? (enter your response as a whole 80- number) 70- The total unregulated welfare (CS + PS) is $]- (round your answer to the nearest P=s60 60- penny) 50- What is the optimal monopoly regulated price? $ (enter your response as a whole number) 40- MCE$30 30- 20- The total regulated welfare (CS + PS) is $ penny) (round your answer to the nearest 10- 10 20 30 40 50 60 70 80 90 100 Quantity Price

Review the graph at right. Monopoly What is the unregulated monopoly price? (enter your response as a whole 100- number) 90- MC What is the unregulated monopoly output? (enter your response as a whole 80- number) 70- The total unregulated welfare (CS + PS) is $]- (round your answer to the nearest P=s60 60- penny) 50- What is the optimal monopoly regulated price? $ (enter your response as a whole number) 40- MCE$30 30- 20- The total regulated welfare (CS + PS) is $ penny) (round your answer to the nearest 10- 10 20 30 40 50 60 70 80 90 100 Quantity Price

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Economics Please type your NUMERICAL answer in the space below. ENTER ONLY THE NUMBER. IF answers are in decimals, please round the number to one decimal point. A monopoly has the following total cost function and demand functions TC=20Q P=400-Q. Suppose that monopoly decides to practice 2nd degree price discrimination, as follows: it charges $360 for the first 40 units of output and $320 for the next 20 units. What is monopoly's profit with 2nd degree price discrimination? a Profits= b. What is Consumer Surplus? CS= C. What is Deadweight Loss? DWL=
At one time, PLDT had a great deal of monopoly power and earned large profits. The growth in the use of cellular technology caused PLDT to lose money. What happened to PLDT's monopoly power?
Chegg Home Expert Q&A My solutions Student question 1 Time Left: 00:09:32 Given the information in the previous question, find the monopoly price and quantity, as well as the remaining consumer surplus q = 50,p = $50, CS = $2,500 q = 50,p = $60, CS = $1,250 q = 50, p = $100,CS = $2,500 q = 25,p = $50,CS = $ 1,250 Given the information in the previous question, find the monopoly price and quantity, as well as the remaining consumer surplus Oq=50, p=$50, CS=$2,500 Oq=50, p=$60, CS=$1,250 Oq=50, p=$100, CS=$2,500 q=25, p=$50, CS=$1,250
5. The graph attached represents a monopoly firm. Answer the questions below. a. Briefly explain three ways in which pricing can be set with a regulated monopoly and the intended objective of each pricing method.b. Based on the diagram, if this monopoly firm is unregulated, what will be its profit? Show your calculations.c. Based on the diagram, if this firm is regulated based on social interest theory, what will be its profit? Show and explain your calculations.d. Based on the diagram, if this monopoly is subject to rate of return regulation, what will be the new price, output and profit of the firm? Show your calculations with explanations.e. Based on the diagram, if this is a natural monopoly that is allowed to set its price, what will be the minimum it should set in order to make a profit or break even? Explain your answer.
econ 3144
Figure 3. P, Costs 20 15 50 40 30 30 40 45 MR D MC ATC Q
QUESTION 2 Consider the following graph: Price P1 P2 P3 P4 P5 Q5 Q302 01 04 Curve D Curve A Market efficient quantity Market efficient price Curve C Curve A = MR, Curve B = Demand, Curve C = ATC, Curve D = MC Match the correct values to the descriptions: ▾ Monopoly profit maximizing quantity Curve B Monopoly profit maximizing price Quantity A. P1 B. P2 C. P3 D. P4 E. P5 F. Q1 G. Q2 H. Q3 I. Q4 J. Q5
The accompanying graph depicts a hypothetical monopoly. Follow instuctions 1-3 below to identify the monopoly's profits 1. Place point E at the monopoly's profit maximizing price and quantity 2. Move the average total cost (ATC) curve to a position that depicts the monopoly earning a positive profit. 3. Place the area labeled Profit in the area of the graph that represents the monopoly's profit 10 MC Profit 7 ATC 4. 3 2 1 MR 0 4. 1 3 7 Quantity (millions of units) 10 LO et LO Price (S per unit)
1. Is monopoly really necessary in the economy? Explain your answer.
George has a monopoly on burrito sales in a small town in Kansas. The burritos cost him a constant $5 each to produce. He faces following demand schedule for his product: Price Quantity Demanded $30 0 $25 1 $20 2 $15 3 $10 4 $5 5 $0 6 Under normal monopoly conditions, how many burritos should he produce, what price should he charge, and how much profit can he expect to make? Draw a graph under these assumptions showing (and calculating) producer surplus, consumer surplus, economic surplus, and deadweight loss. If George could engage in perfect price discrimination, how many burritos would he produce, what would his total revenue be, and how much profit would he earn? Draw a graph under these assumptions showing (and calculating) producer surplus, consumer surplus, economic surplus, and deadweight loss. Is society better off by allowing George to perfectly price discriminate? Defend your answer.
O OO The above graph shows the market demand function for a product. Assume that the market is served by a perfectly-price-discriminating monopolist with a constant marginal cost of production equal to $4 (MC = $4) and no fixed cost (FC = 0). The deadweight loss equals: DWL - $72 DWL - $0 DWL- -$48 DWL - $84 DWL-$36 $30 $28 $26 $24 $22 $20 Question 23 $18 $16 $14 $12 $10 $8 $6 $4 $2 $0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Review the graph at right for a monopoly market (enter all of your responses as whole numbers). How much is the consumer surplus? $ 450 How much is the producer surplus? $ 1350 How much is the deadweight loss? $ 225 Monopoly total surplus is $ A *** 80- 160 60**** 30- 10- 0- Price 0 MC MR D 10 20 30 40 50 60 70 80 90 100 Quantity