Suppose that a monopolist faces inverse demand given by P = 100 - 10Q and marginal cost given by MC = 20. 1. What is the profit function? 2. What is the marginal revenue function? 3. What is the equilibrium quantity? 4. What is the equilibrium markup?

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A: EmmetFranzGood AGood B

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A: Utility function : U =  10 x0.6 y0.4Price of x = 20 Price of y = 30

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A: ***Since the student has posted multiple questions, the expert is required to solve only the first…

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A: Nominal interest rates don't account for inflation and real interest rates account for inflation.

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A: Elasticity of demand measures the responsiveness of quantity demanded to changes in price level. It…

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A: Amount needed after 5 years  = 20000 dollars.Account 's interest rate = 0.09 (or 9%)

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A: Money is a medium for exchanging goods and services, serving as a unit of account, a store of value,…