econ 3144 KReview the graph at right.What is the unregulated monopoly price? $60 (enter your response asa whole number)What is the unregulated monopoly output? (enter your response asa whole number)The total unregulated welfare (CS+PS) is $ (round your answer tothe nearest penny)What is the optimal monopoly regulated price? $(enter yourresponse as a whole number)The total regulated welfare (CS+ PS) is $ (round your answer tothe nearest penny)Price100-90-80-70-60-50-40-30-20-100-PHS00MCS30MonopolyQAMR10 20 30 40 50 60 70 80QuantityMC90 100CQS

In case of a monopoly, The profit is maximized where the marginal cost is equal to the marginal…

Review the graph at right. What is the unregulated monopoly price? $60 (enter your response as a whole number) What is the unregulated monopoly output? (enter your response as a whole number) The total unregulated welfare (CS+PS) is $ (round your answer to the nearest penny)

Review the graph at right. What is the unregulated monopoly price? $60 (enter your response as a whole number) What is the unregulated monopoly output? (enter your response as a whole number) The total unregulated welfare (CS+PS) is $ (round your answer to the nearest penny)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

econ 3144

K
Review the graph at right.
What is the unregulated monopoly price? $60 (enter your response as
a whole number)
What is the unregulated monopoly output? (enter your response as
a whole number)
The total unregulated welfare (CS+PS) is $ (round your answer to
the nearest penny)
What is the optimal monopoly regulated price? $(enter your
response as a whole number)
The total regulated welfare (CS+ PS) is $ (round your answer to
the nearest penny)
Price
100-
90-
80-
70-
60-
50-
40-
30-
20-
10
0-
PHS00
MCS30
Monopoly
QAMR
10 20 30 40 50 60 70 80
Quantity
MC
90 100
C
Q
S

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