Table 6.1: A Monopoly Price Quantity Marginal (P) (Q) Cost (MC) $14.00 4 $4.00 $13.00 7. $5.00 $12.00 10 $6.00 $11.00 13 $7.00 $10.00 16 $8.00
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- 4 The inverse demand curve a monopoly faces is p=120−Q. The firm's cost curve is C(Q)=20+5Q. Part 2 What is the profit-maximizing solution? The profit-maximizing quantity is 57.557.5. (Round your answer to two decimal places.) The profit-maximizing price is $62.562.5. (round your answer to two decimal places.) Part 3 What is the firm's economic profit? The firm earns a profit of $enter your response here. (round your answer to two decimal places.)An unregulated natural monopoly bottles Mt. McKinley air, unique clean air that has no substitutes. The monopoly's total fixed cost is $30,000 a year and its marginal cost is 10 cents a can. The graph illustrates the demand for Mt. McKinley air. Draw the average total cost curve. Plot the four control points at the quantities 100,000, 200,000, 300,000, and 400,000. Label the curve. Draw a point at the new quantity and price if the regulator sets a price cap such that the monopoly breaks even. The number of cans produced sold its marginal cost. A. is; benefit; exceeds B. is not; benefit; exceeds OC. is not; revenue; is greater than D. is; revenue; equals the efficient quantity because the marginal from the last can 60- 50- 40- 30- 20 20 10- Price (cents per can) 0- ATC MC D $300 100 200 300 400 Quantity (thousands of cans per year) >>> Draw only the objects specified in the question. 500The table below shows cost data for producing different amounts of cleaning products. Suppose this market is a monopoly. Use the information in the table to find the output where the monopoly would maximize profit. Price ($) Quantity Total Revenue ($) Total Cost ($) 150 0 0 100 120 5 600 180 100 10 1000 400 90 15 1350 675 80 20 1600 1120 70 25 1750 1750 Profit maximizing quantity: What is the profit the monopoly achieved? $
- Figure 13.9 Revenue and costs 27 24.50 21 13 # Demand MO 600 800 940 1100 MC ATC B) $11.50 C) $21 D) There is no difference. Quantity Figure 13.9 shows the demand and cost curves for a monopolist. Refer to Figure 13.9. At the profit-maximizing quantity, what is the difference between the monopoly's price and the marginal cost of production? A) $8ces Problem 08-06 The diagram below shows the demand, marginal revenue, and marginal cost of a monopolist. 120 MC MR 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Quantity a. Determine the profit-maximizing output and price. Profit-maximizing output units Profit-maximizing price: $ b. What price and output would prevail if this firm's product was sold by price-taking firms in a perfectly competitive market? Price: $ Output: units c. Calculate the deadweight loss of this monopoly. Mc Graw Hill 110 100 90 80 70 60 50 40 30 20 10 19 BU CRefer to the graph below: Price and cost (dollars) 0 $ MR MC ATC AVC D 20 40 60 80 100 120 140 160 Quantity The figure shows the demand and cost curves facing a monopoly in the short run. The profit-maximizing level of output is...
- The demand (downward sloping line) and marginal cost (upward sloping curve) of a monopolist are shown. Use the segment tool to add a marginal revenue curve to the graph. Then, use the point tool to indicate the monopolists profit maximizing price/quantity combination. Segment Point A Undo - Redo x Reset 10 10 quantity Price$72 Marginal Cost $60 $48 $36 $24 $12 Marginal Demand Revenue 100 200 300 400 500 600 Quantity Based on the graph above, find the profit maximizing price and quantity for this monopoly firm. $36 and 200 units $36 and 300 units $48 and 200 units $60 and 100 unitsHelp me please
- 2) The Epson Company is a monopolist in the market and faces the demand curve shown in the figure below. The firm's marginal cost curve is MC= 100 +2Q. a. What is the firm's profit-maximizing output and price? Price ($/unit) 400 0 D 200 Quantity of printers (thousand) b. If the firm's demand changes to P = 300 - Q while its marginal cost curve remains the same, what is the firm's profit-maximizing level of output and price? How does this compare to your answer for (a)? c. Draw a diagram showing these two outcomes. Holding marginal cost equal, how does the shape of the demand curve affect the firm's ability to charge a high price? (bonus question 5 points)16 The following table shows a monopolist's demand curve and the cost information for the production of its good. What will their profits equal? Quantity Price per Unit Total Cost 10 $100 $100 20 $80 $400 30 $60 $800 40 $40 $1,400 50 $20 $2,400 A $1,000 BO $1,600 CO $1,200 DO $800The figure below depicts a monopoly: 50 45 40+ 35 30+ 25 20+ 15 10+ 5- Price MR -MC-ATC Demand 50 100 150 200 250 300 350 400 450 500 550 600 Quantity If the monopolist cannot price discriminate, then consumer surplus amounts to